Affordable housing investment: A guide for nonprofit hospitals and health Systems
Tackling the affordable housing crisis will require actors from every sector to finance housing development for low- and moderate-income people. We developed this guide to help nonprofit hospitals and health system understand how their institutional assets and prestige can support affordable housing development projects—and to offer practical information and encouragement to start investing in much-needed affordable housing. The guide is informed by Urban Institute’s research examining the current practice as well as the motivations, opportunities, and barriers nonprofit hospitals and health systems face to initiating and broadening investments in housing development. Our findings suggest that while nonprofit hospitals and health systems may be increasingly aware of and involved in addressing housing concerns of their patients and communities, few invest in construction and rehabilitation projects. This guide presents key concepts and strategies for designing and implementing housing development projects, complemented by examples and supplemental resources.
Reynolds K, Allen EH, Fedorowicz M, Ovalle J. Affordable Housing Investment: A Guide for Nonprofit Hospitals and Health Systems. Washington, DC: Urban Institute; August 2019. Available online.