Congratulations to the three HAN members, Kaiser Permanente (Hawai’i), Memorial Hermann Health System, and SSM Health who completed the Expanding Place-based Investing Cohort (EPIC), co-led by HAN and the Center for Community Investment. EPIC teams worked together over 18 months to understand community investment needs and frameworks, develop impactful community partnerships, and build a place-based investing strategy that advances positive community […]
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Allina Health’s Impact Investment in Housing
HAN member Allina Health is a signatory to the HAN Place-based Investing Commitment and has committed 1% ($30 million) of its total investment portfolio for place-based investing to address issues intersecting with social determinants of health, such as affordable housing for homeless households. The health system invested $3 million with the Greater Minnesota Housing Fund (GMHF) to build affordable […]
Continue ReadingInvesting in affordable housing to improve health
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 […]
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 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 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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