NH&RA member Enterprise Community Partners announced two ventures that elevate homes as essential to health and well-being with Kaiser Permanente. Kaiser Permanente invested $15 million in the Enterprise-managed Housing for Health Fund, which will preserve affordable homes in the Bay Area, and match up to $35 million in additional funds raised by Enterprise. This equity fund has already made an initial $5.2 million commitment to help a local nonprofit acquire and preserve the affordability of a 41-unit apartment complex in a gentrifying neighborhood in East Oakland.
A $100 million national loan fund, comprised of a $50 million loan from Kaiser Permanente to the Enterprise Community Loan Fund and $50 million in capital from Loan Fund, will create and preserve 3,250 affordable homes in Kaiser Permanente’s nationwide service areas over the next decade.
