Project Examples

The Healthy Futures Fund takes a health+ approach to affordable housing investments. We focus on projects that utilize Low Income Housing Tax Credits as part of their financing structure and incorporate health facilities and programs. To-date, the investments include:

Lloyd House, Menomonee, MI

Lloyd House is the historic rehab of the 1926 Marshall Lloyd department store into 44-units of affordable housing for families. When completed, the waterfront development in Menominee, Mich., will include on-site behavioral health services operated by a local services provider as well as monthly health screenings for the residents and community. This is the first new rental development built in this community in a decade. The Healthy Futures Fund housing credit investment for Lloyd House was $10.5 million.

  • Housing Credit Investment: $10.5 million

Rolling Hills Apartments, St. Paul, MN

The Healthy Futures Fund provided a $10.2 million housing credit investment in the Rolling Hills Apartments, an 108-unit workforce housing complex in St. Paul, managed by Lutheran Social Services of Minnesota (LSS). LSS will provide community space to enable services to residents on-site, including to the West Side Community Health Services, a prominent FQHC in St. Paul, which will provide tenant health care screening and chronic disease management services in an on-site exam room.

  • Housing Credit Investment: $10.2 million

Downtown Terrace, Petersburg, IN

Located on a major thoroughfare in Petersburg, Indiana, Downtown Terrace is the adaptive reuse and new construction of residences for low-income individuals age 55 or older. The housing is co-located with a Good Samaritan Hospital-operated community clinic offering primary care, urgent care and mental health services available to the residents and the community. The Healthy Futures Fund housing credit investment for Downtown Terrace was $7.0 million.

  • Housing Credit Investment: $7.0 million

Walnut Commons, Muncie, IN

Healthy Futures Fund invested $7.4 million in the Walnut Commons, providing 44 units of affordable supportive housing for homeless veterans. Daveri Development Group partnered with Meridian Health Services, a progressive healthcare organization, to provide on-site essential support and health services with links to the Veteran’s Administration on behalf of former military residents.

  • Housing Credit Investment: $7.4 million

So Others Might Eat, Washington, DC

So Others Might Eat, a not-for-profit social service and affordable housing provider, developed the 300,000 square foot Conway Center to bring affordable housing, primary care services, employment training and economic development opportunities together in one location, all adjacent to a metro stop for ease of access. Housing residents and community members will have access to outreach and health education programs designed to promote healthy lifestyles. The Healthy Futures Fund provided $14 million to finance the clinic and $22 million for the affordable housing.

  • Housing Credit Investment: $22 million