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'Good neighbors'? U.S. hospitals invest in land, housing to treat crisis

Community land trusts are on the rise across the United States as cities look for ways to ease an ongoing crisis of affordable housing. But the Maggie Walker land trust in Richmond, Virginia is unusual in how it was created: It was funded in large part by a hospital system, Bon Secours Mercy Health. This month, Bon Secours was one of 14 healthcare systems across the United States that committed to over $700 million in “place-based” investments, with a primary goal being the development of affordable housing. They are all part of a group called the Healthcare Anchor Network (HAN), a project of the Washington-based research group Democracy Collaborative.

Publication date: 2019-11-21
Parent publication: Reuters
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