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PCDC has announced its participation in a new investment fund designed to expand access to health care and affordable housing for low-income residents and fund critical social services that help link the two in impoverished neighborhoods.
Launched by Morgan Stanley, The Kresge Foundation and the Local Initiatives Support Corporation (LISC), the Healthy Futures Fund is in part response to the Patient Protection and Affordable Care Act, and the 20 million new health care consumers that the legislation is likely to create.
The fund expects to expand in the coming months with additional New Markets Tax Credits and lending capital from new partners. PCDC is part of this group and stands alongside several CDFIs and other organizations, including the National Development Council, NCB Capital Impact, Capital Link, Mercy Loan Fund and Opportunity Finance Network.
Click here for the full press release.