By Kathryn Reynolds, Eva H. Allen, Martha Fedorowicz, Joycelyn Ovalle, Urban Institute, August 14, 2019
Tackling the affordable housing crisis will require actors from every sector to finance housing development for low- and moderate-income people. The Urban Institute developed a guide to help nonprofit hospitals and health systems understand how their institutional assets and prestige can support affordable housing development. The guide also offers practical information and encouragement to start investing in much-needed affordable housing.
The guide is informed by Urban’s research examining current practice and the motivations, opportunities, and barriers nonprofit hospitals and health systems face when initiating and broadening investments in housing development. Its findings suggest that although nonprofit hospitals and health systems may be increasingly aware of and involved in addressing the housing concerns of their patients and communities, few invest in construction and rehabilitation projects.
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