Kaiser Permanente Pledges $200 Million in Impact Investments

Kaiser Permanente Pledges $200 Million in Impact Investments

Kaiser Permanente has announced an impact investment of up to $200 million to address housing stability and homelessness — key challenges that are affecting the health of individuals and communities across the nation.

Through its Thriving Communities Fund, the nation's largest integrated health system will invest in projects in the communities it serves, with an initial focus on preventing the displacement of and homelessness among low- and middle-income households in rapidly changing neighborhoods; reducing homelessness by ensuring access to supportive housing; and making affordable homes healthier and more environmentally sound. Details of impact investments in local communities will be shared in the coming weeks.

Kaiser Permanente also has joined the Mayors and CEOs for U.S. Housing Investment, a coalition comprised of local government officials and business leaders working to advance key federal housing priorities. The coalition includes mayors from Alexandria, Virginia; Baltimore, Maryland; Charlotte, North Carolina; Oakland, California; and Portland, Oregon.

"Many of the communities we serve are grappling with some of the highest rates of housing insecurity and homelessness in the United States," said Bechara Choucair, Kaiser Permanente's chief community health officer. "As a family physician, I've provided medical care to the homeless and have seen first-hand the impact that living without a home can have on someone's health. To improve the health of an entire community, we must step beyond the four walls of our hospitals and medical offices to help those most in need. We hope this national commitment to impact investing in housing stability will inspire other companies to share the responsibility of this critical issue…in the United States."

(Photo credit: Kaiser Permanente)