Expanding opportunities in America’s cities

Healthy Futures Fund

New York
$6 million

Awarded

Committed:
2012

Established by Kresge, Morgan Stanley and the Local Initiatives Support Corp., this $100 million fund utilizes Low Income Housing Tax Credits and New Market Tax Credits to expand access to health care and affordable housing for low-income residents. The fund  supports the construction of 500 affordable housing units with integrated health services, as well as eight federally qualified health centers that will serve an estimated 75,000 people. The fund also fosters collaboration between affordable housing developers and health care providers, constituencies that often work side-by-side in low-income neighborhoods but rarely in a coordinated fashion.