The Kresge Foundation has announced a $34 million investment in a mixed-use development project in Washington, D.C., that is scheduled to break ground in August.
The largest investment to date made by the Healthy Futures Fund, a partnership established in 2013 with $100 million in seed funding from Kresge, Morgan Stanley and the Local Initiatives Support Corporation, the funds will support construction of the $90 million Conway Center project in the Benning Heights neighborhood of the nation's capital. Managed by So Others Might Eat, a faith-based community organization, the complex will feature more than two hundred apartments for low-income residents and a state-of-the-art health center that is expected to serve up to fifteen thousand patients annually.
The Healthy Futures Fund supports the development of federally qualified health centers in underserved communities as well as affordable housing that incorporates health programs for low-income residents. The Conway Center project is the first in which the fund has provided capital for both housing and a health center in the same complex.