HAN and HAN member Kaiser Permanente’s Housing for Health Fund were cited as healthcare sector institutions that are helping to create housing programs through place-based investing and partnerships. Kaiser Permanente has invested $50 million into the fund since it was created in 2019, which has resulted in the preservation of more than 1,200 housing units.
From the Modern Healthcare article:
In fiscal 2023, nearly 25 [HAN member] health systems reported investing more than $550 million in affordable housing projects, according to the Healthcare Anchor Network, a health equity advocacy organization that partners with providers.
Some health systems are leveraging their long-term financial reserves to invest in housing services, while others have leased or given land to affordable housing developers, Healthcare Anchor Network founder and President David Zuckerman said.