Health, Social Investment Practice
Launched in 2012, the Healthy Futures Fund (HFF) is a collaboration of The Kresge Foundation, the Local Initiatives Support Corporation (LISC), and Morgan Stanley that invested $180 million to finance projects that embed health-enhancing features and services in real estate development. The fund experimented with combining two existing tax credit programs to finance these projects: Low Income Housing Tax Credits (LIHTC) for affordable housing developments incorporating health care services and New Markets Tax Credits (NMTC) for constructing and financing Federally Qualified Health Centers (FQHCs). In this report, the Center for Community Health and Evaluation examines nine HFF-funded projects to show what is possible through co-location partnerships between health and social service organizations and share key findings for community development stakeholders who share a vision of addressing both health and social needs to improve the lives of people with low incomes.
COVID-19, Social Investment Practice