The Healthy Neighborhoods Equity Fund is a groundbreaking example of impact investing that marries margin and mission in a marketable fund focused on social determinants of health in the built environment.
Completing a new neighborhood development is just the beginning of the story. The true success of such targeted investment will come with the changes it brings to a community over time. That’s where Vedette Gavin, CLF’s Director of Research, comes in. “The reality is that the relationship between development and health is extremely complex,” she says.
CLF President Bradley Campbell said, “Community health is vitally dependent on neighborhood design and smart investment, which is why CLF is proud to partner with MHIC on projects researched and designed to promote affordability, mobility, and better health outcomes.”
Why is it so difficult to finance the development of healthy neighborhoods when the benefits to people, communities, and the economy are so profound? The answer, at least in part, lies in the fact that these benefits are not generally measured or accounted for in any systematic way.
For a neighborhood to truly thrive, it needs healthy people, a healthy environment, and a healthy economy with opportunities for all. Improving neighborhood environments can boost health, but traditional financing sources simply aren’t capable of addressing those needs at a project level. Recognizing the complex challenges of building healthy and sustainable communities, three years ago,…
CLF president Bradley Campbell said, “Today, we saw the completion of a project three years in the making — a project that has transformed vacant property into a true center of housing and commerce. From good jobs, to new pedestrian walkways, to better access to public transit and more, this development will electrify the neighborhood and provide a perceptible spark to Braintree’s economy and community.”
We’re striving to reduce environmental hazards for all.
We’re working for smart, climate-friendly transportation.
Massachusetts is a state of extraordinary range – from our miles of coastline to the western mountains, our dense hardwood forests to our working farms, our thickly settled city neighborhoods to our rural village greens.