Morgan Stanley, The Kresge Foundation and the Local Initiatives Support Corporation have launched a $100 million investment fund that is designed to expand access to health care and affordable housing for low-income residents and fund critical social services that help link the two in impoverished neighborhoods.
The Healthy Futures Fund is a response to the Patient Protection and Affordable Care Act and the 20 million new health care consumers that the legislation could create.
The fund is being seeded with capital to build 500 housing units with integrated health services and to construct eight federally qualified health centers that will serve an estimated 75,000 people. It is designed to spur collaboration among health care providers and housing developers who do not often work together even when they operate in the same low-income neighborhoods and serve the same people.
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