The Healthy Futures Fund (HFF) is a $200 million initiative formed by the Local Initiatives Support Corporation (LISC), Morgan Stanley and The Kresge Foundation. HFF is connecting health care and affordable housing for low-income residents. It responds to the clear association between poverty and disease by incorporating a health lens into traditional community development work. And it supports broader efforts to improve the quality of life in distressed neighborhoods.
• New community health centers in disadvantaged neighborhoods
• New low-income housing with incorporated health services
• Social services that link health and housing for residents of existing affordable housing developments.
The fund uses a unique financing structure that leverages New Markets Tax Credits, Low Income Housing Tax Credits, grants and loans to help new developments get off the ground and to connect existing housing and health services to each other. It is seeded with capital from the Local Initiatives Support Corporation (LISC), Morgan Stanley and the Kresge Foundation.
New Markets Support Company (NMSC) manages the fund.
For more: Healthy Futures Fund Overview