Investing in Health | April 20, 2022

Kaiser Permanente allocates another $200 million to affordable housing for health

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, April 20 — Oakland-based Kaiser Permanente is topping up the $200 million Thriving Communities Fund it launched in 2018 to respond to the negative health effects of housing instability, even before the Covid pandemic.

With the additional $200 million, the nonprofit healthcare provider is looking to create and preserve 30,000 units of affordable housing by 2030.

The Thriving Communities Fund has created or preserved more than 7,000 affordable housing units in L.A., Portland, Sacramento, Atlanta, Seattle, Baltimore and Denver. It made a $50 million investment in the real estate impact fund manager SDS Capital Group to catalyze an additional $100 million for affordable housing, primarily in California.