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The nation's largest nonprofit integrated health care organization is doubling its investment in affordable housing across the US to $400 million.
Kaiser Permanente's Communities Fund, launched last year with $200 million, is on track to create or preserve 15,000 units of affordable housing by 2025.
The new investment will double that to create or preserve 30,000 units by 2030, while advancing inclusive economic development in communities to address systemic economic disadvantage and discrimination that underpins the housing crisis, per a press release.
"This further commitment to the impact investment strategy deepens the investment into the communities served by Permanente, supporting the thriving economies and high-quality affordable housing that are foundations for overall health and well-being," says Bechara Choucair, senior vice president and chief health officer for Kaiser Permanente.
The release notes Kaiser Permanente views impact investing as a meaningful way to support healthy, financially strong communities "where all people can keep a roof over their heads, put food on the table, get the medical care they need when they need it, and lead the lives they want to live."
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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