Why a group of hospitals is investing in affordable housing
An announcement by 14 health systems on Tuesday to commit $700 million to, among other things, build affordable housing, is obviously less than Apple’s recent $2.5 billion pledge to tackle California’s housing crisis. But it’s a large commitment by a collective of health systems to address environmental health factors known as social determinants of health (SDoH). The 14 health systems, part of the healthcare anchor network (HAN), are often the largest employers in their communities, and are well-positioned to see where the needs are, according to HAN director Dave Zuckerman. In addition to affordable hosuing, the hospitals will invest in small business development and other areas to improve the local economy.