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United States : Healthy Futures Fund Doubles Commitment to Disadvantaged Areas with $100 Million in New Funding for Affordable Housing, Health Care.

A unique financial collaboration is deploying $100 million in new capital to improve health and expand housing opportunities in low-income communities.

The Healthy Futures Fund, ? a joint effort of the Local Initiatives Support Corporation (LISC), Morgan Stanley and The Kresge Foundation ? announced today that it has fully invested the $100 million pilot fund it launched in 2013 and is now set to roll out an additional $100 million to finance affordable housing developments, community health centers and local services that address the social determinants of health in high-poverty areas.

To date, the fund has helped local providers extend health services to 40,000 people while also supporting more than 400 new apartments that are affordable to low-income families. Even before the new capital was announced, the partners had more than $25 million in new projects lined up.

The fund is distinct for its community development approach to health. Key goals include expanding access to primary care and other health programs, revitalizing commercial corridors and creating jobs in blighted areas, and developing efficient ways to finance neighborhood revitalization plans. The goal is to enable residents to find quality affordable housing and to access the kind of lifestyle choices that contribute to better health.

At its core, the Healthy Futures Fund is a common sense plan to address staggering problems, said Emily Chen, LISC s Program Director for the Healthy Futures Fund. Families need a decent place to live. They need access to health care and fresh food. They need strong schools and good jobs and safe streets. This is about rebuilding the economic infrastructure of distressed neighborhoods and helping residents live longer and healthier in the process.

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Publication:Mena Report
Date:Nov 4, 2015
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