How Hospitals & Health Systems Can Support Affordable Housing

The Urban Institute has released a report titled “Affordable Housing Investment: A Guide for Nonprofit Hospitals and Health Systems.” 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. The report presents key concepts and strategies for designing and implementing housing development projects, complemented by examples and supplemental resources. It also describes concrete ways in which nonprofit hospitals and health systems can provide support and financing for affordable housing projects, including  using their financial position to enhance credit; providing in-kind resources; and providing capital (as a grant or a direct loan) to cover construction or rehabilitation costs.