Expanding opportunities in America’s cities

Healthy Futures Fund

New York
$1.25 million loan

Awarded

Committed:
2014

Established by Kresge, Morgan Stanley and the Local Initiatives Support Corp. in 2012, this $100 million fund utilizes Low-Income Housing Tax Credits and New Markets Tax Credits to expand access to health care and affordable housing for low-income residents. It supports the construction of affordable-housing units with integrated health services, as well as federally qualified health centers, fostering collaboration between affordable-housing developers and health care providers. This new loan builds on previous a commitment and will reduce costs for borrowers.