The Local Initiatives Support Corporation (LISC) has launched a first-of-its kind $100 million investment fund 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 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. LISC’s affiliate, New Markets Support Company (NMSC), is managing the fund as part of its Building Sustainable Communities strategy to improve the quality of life in struggling, low-income neighborhoods.
For more information: http://www.lisc.org/content/article/detail/20647