By Real Estate Daily News
PHOENIX, ARIZONA – Arizona healthcare leaders have joined forces to increase affordable housing in the state because they have something in common: they believe housing is good healthcare, saves lives and saves the state money. The Home Matters Arizona Fund is planning a $100 million fund over two years to finance affordable housing projects in Arizona. It is announcing a third round of grant recipients that will receive a total of $851,000.
“Home Matters to Arizona is looking to tackle affordable housing firsthand, adding critical units to address the housing crisis as well as connecting developers with other community based providers to address systemic issues,” said Jim Stringham, VP/CEO of Banner University Health Plans, and Home Matters Arizona Fund Chair. “Arizona’s health care leaders are attracted to this movement because one of the biggest determinants in health outcomes is having a safe place to live. Individuals without affordable housing are more likely than others to sacrifice necessities like healthy food and healthcare.”
Home Matters Arizona Fund is prioritizing and funding promising projects throughout the state that are positioned to demonstrate measurable and positive outcomes focused on specific populations, geographic areas and the community at-large. The fund addresses Arizona’s rising affordability crisis while paying much-needed attention to the role of housing justice for underrepresented families and communities.