Healthcare Anchor Network (HAN) members CommonSpirit Health and Intermountain Health invest in Denver-based nonprofit Elevation Community Land Trust (ECLT), that provides permanent affordable housing by purchasing land and reselling or renting the homes on the land. The ECLT model keeps the home affordable by providing residents long-term leases on the land where their homes are located. ECLT also places maximum […]
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Aligning values to invest in communities
HAN member Intermountain Health’s Nick Fritz, director of place based investments, shares insights in this video on:
Continue ReadingReliable housing is essential for good health
Modern Healthcare recognized HAN member Kaiser Permanente for its investments in affordable housing through its Thriving Communities Fund. A recent change in the tax law provides a permanent 12% increase in the Low-Income Housing Tax Credit, which creates an opportunity for health systems to partner with states to invest in affordable and supportive housing. From the Modern Healthcare […]
Continue ReadingImpact Stories: Place-based Investing — CommonSpirit Health & Step By Step
Healthcare Anchor Network (HAN) catalyzes its 70 member health systems to leverage their hiring, purchasing, investing, and other key institutional assets as part of an intentional, place-based strategy to maximize their community impact. When health systems commit to place-based investing, they redirect a portion of their investable assets toward investments that improve the health and […]
Continue ReadingExpanding Place-based Investment Cohort (EPIC)
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 […]
Continue ReadingAllina 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.
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