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 ReadingPlace-based Investing
Kaiser Permanente Thriving Communities Fund
Kaiser Permanente’s Thriving Communities Fund is explored in a new case study. The case study covers the program’s inception and design, strategies employed, partnerships, key stakeholders involved. It also explores several of the program’s projects, including the Housing for Health Fund and the SDS Supportive Housing Fund.
Continue ReadingRush University System for Health Impact Investing Fund
Rush University System for Health’s (RUSH) Impact Investing Fund (“the Fund”) is explored in a new case study. The case study covers the Fund’s inception and design, strategies employed, and key stakeholders involved. In addition, it examines Rush’s partnerships with other local anchor institutions through West Side United (WSU) on place-based investing projects. Finally, it […]
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 ReadingHelping Team Members to Purchase Homes
HAN member UC San Francisco partners with Landed, which works with schools and health systems to help employees buy homes through a shared equity down payment program. From the article: “We are thrilled to begin serving UCSF employees and supporting a research university and medical center at the forefront of confronting the public health challenges we face as […]
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 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.
Continue Reading