When communities lack affordable housing, access to fresh food, safe places to walk, and other basic necessities, residents suffer from stress, chronic disease, and lower life expectancy. In many places, the community investment system lacks the capacity to produce the level and type of investment needed to improve these conditions.
Hospitals and health systems have an array of assets—financial resources, land, and expertise—that can be harnessed to create more equitable, sustainable, and healthy communities. Deploying these resources toward community investment can support institutional mission, enhance institutional reputation and competitiveness, strengthen community relationships, and accelerate deals that support better outcomes for their patients, employees, and communities.
Accelerating Investments for Healthy Communities (AIHC) is designed to help participating hospitals and health systems deepen their investment in affordable housing, and advance policies and practices that foster equitable housing solutions.
AIHC health systems and hospitals and their focus regions are:
Bon Secours Mercy Health System (Baltimore, MD and Cincinnati, OH)
Boston Medical Center (Boston, MA)
Dignity Health (San Bernardino, CA)
Kaiser Permanente (Prince George's and Montgomery counties, MD)
Nationwide Children's Hospital (Columbus, OH)
UPMC (Pittsburgh, PA)
AIHC Phase I
In Phase I of AIHC, CCI worked with cross-disciplinary teams from within each participating hospitals and health systems. The teams analyzed the ecosystem, communities, and markets in which they are situated and calibrated how their institutional goals and approaches fit their context. They also analyzed potential partners and explored how to leverage their contributions by building capital stacks that blend investment from stakeholders with different objectives for mission, risk, and return. The purpose of Phase I was to help participants better understand what it might take to make the case to deepen and accelerate their community investment approach.
AIHC Phase II
Phase II of AIHC helps participating hospitals and health systems build upon the momentum generated in Phase I and take the next steps to implement their affordable housing strategies.
Participants in Phase II will include not only health system executives and staff, but also representatives from local government, affordable housing developers, foundations, community groups, and community development financial institutions.
Over two years, AIHC will help health institutions and their community partners to deploy their assets to advance affordable housing as a way to create more equitable, sustainable and healthy communities. Together they will develop and begin to execute a pipeline of affordable housing projects and work with partners to advance long-term community investment in affordable housing.