HAN member Kaiser Permanente’s impact investments in affordable housing continues with project in New Mexico and California. In California, Kaiser Permanente has committed $50 million to the SDS Supportive Housing Fund, an innovative real estate impact fund that is seeking to build up to 1,800 financially sustainable permanent supportive housing (PSH) units for people experiencing homelessness in […]
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Health anchors are vital place-based investors
Healthcare anchors have a unique role to play as investors in their communities to improve community health and well-being, particularly for those impacted by a legacy of divestment and discrimination. Many HAN member health systems have committed to redirecting a portion of their investable assets toward impact investments that are place-based and address community conditions that […]
Continue ReadingUMass Memorial Health Care Community Investing Program
UMass Memorial Health (UMMH)’s Community Investing Program is explored in a new case study. The case study covers the program’s inception and design, strategies employed, and key stakeholders involved. It also discusses several of the program’s projects, including Worcester Common Ground (WCG), Creative Hub Worcester (CHW), the Finally Home Fund, and the Tiny Home Village. […]
Continue ReadingAnchor institutions focus on policy change for more impact
Healthcare Anchor Network (HAN) members are investing in and supporting affordable housing. One example is Boston Medical Center, Boston Children’s Hospital, and Brigham and Women’s Hospital providing $3 million over three years for housing stability in Boston through the Innovative Stable Housing Initiative (ISHI). In addition to funding and investing support, HAN members are also working to address upstream […]
Continue ReadingHealthcare anchors investing in affordable housing to improve health and well-being
Healthcare Anchor Network member CommonSpirit Health, along with UnitedHealthcare and Aetna, has committed $35 million in financing to launch the Home Matters Arizona Fund for affordable housing projects. The project will invest $100 million in phase one to finance community development and affordable housing projects that proactively foster connected and healthier lives. From the Home […]
Continue ReadingPreserving affordable housing through anchor impact investing
Healthcare Anchor Network (HAN) member Intermountain Healthcare, along with a group of private institutions including the Clark and Christine Ivory Foundation and Zions Bank, created the Utah Housing Preservation Fund with the goal of raising $100 million to preserve subsidized and “naturally occurring” affordable housing. This year, the Preservation Fund helped secure 24 duplexes that will be rehabbed and targeted for rental to Housing Choice Voucher holders who earn less than 30 percent of Area Median Income.
Continue ReadingActions to fight racism and promote equity
HAN member Kaiser Permanente announced a $100 million investment toward addressing systemic racism and lack of economic opportunity that includes $60 million for an inclusive economic development partnership with LISC to help businesses and local economies in Kaiser markets recover from the pandemic and support longer term growth. $15 million in grants will be available to help these […]
Continue ReadingKaiser Permanente pledges $25 million to California Access to Housing and Services Fund
Kaiser Permanente, a member of the Healthcare Anchor Network, is further responding to the California affordable housing crises by committing an additional $25 million to California Governor Gavin Newsom’s Access to Housing and Services Fund. The health system has already pledged $200 million in impact investments to support community health, particularly on affordable housing.
Continue ReadingHealth Collaborative Invests Millions in Dire Communities
In addition to providing quality healthcare, these hospitals and health systems are investing in safe and affordable housing, equitable economic development, small and diverse business development, and other strategies for addressing the social determinants of health. They are also rethinking how to align, leverage, and deploy their human resources and power to create a local economic eco-system […]
Continue ReadingHAN Members are Investing in Communities and the Future Generation
Bon Secours Mercy Health was one of 14 Healthcare Anchor Network (HAN) members that announced commitments of over $700 million in impact investing in November 2019. This Reuters article covers the health system’s investment partnership with Maggie Walker Community Land Trust to build permanently affordable homes in Richmond, Virginia—and the lives this investment has impacted.
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