Boston Medical Center (BMC), a founding member of America’s Essential Hospitals, has contributed $500,000 toward a fund to support transformative, transit-oriented development projects in Boston and gateway cities in Massachusetts.
With its contribution to the $22.35 million Healthy Neighborhoods Equity Fund (HNEF), BMC joins a small group of health institutions that have made financial investments in their communities to target social determinants of health. BMC’s contribution to the HNEF will help finance new housing, retail, and job creation in neighborhoods where its patients live and work.
“BMC’s investment in the Healthy Neighborhoods Equity Fund fits perfectly with our mission to help our patients and their families live healthy, happy lives,” BMC President and CEO Kate Walsh said. “At BMC, we see the direct link between stable housing and the health of our patients every day, and we commend the Massachusetts Housing Investment Corporation and the Conservation Law Foundation for taking this important step for our communities.”
The Robert Wood Johnson Foundation is one of HNEF’s investors and also funds work by America’s Essential Hospitals to advance population health efforts at essential hospitals.