The Healthy Futures Fund is using its $100 million in initial capital to invest in as many as seven affordable housing projects with incorporated health services as well as another seven new health centers that connect to existing affordable housing. The fund is utilizing Low Income Housing Tax Credit equity and New Markets Tax Credit enhanced loan capital to drive economic development that helps improve health outcomes. Predevelopment grants and loans are also available to help support projects. All told, that will include:
- 500 new or rehabbed rental homes that are affordable to families earning less than 60 percent of the median income in their area.
- New health centers that will serve an estimated 75,000 individuals and create 200 temporary and 1,200 permanent jobs.
- New partnerships between health centers, affordable housing providers and other community stakeholders focused on improving the social determinants of health and creating healthy communities.