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Kaiser Permanente and Enterprise Community Loan Fund Collaborate to Invest $4.3 Million to Create and Preserve Affordable Housing in San Diego and Los Angeles
To help tackle the homeless epidemic, a loan from Kaiser Permanente to Enterprise Community Loan Fund has recently resulted in two impact investments totaling $4.3 million in San Diego and Los Angeles to provide more affordable, secure homes for those most in need of shelter.
With 4.6 million members across Southern California, nonprofit Kaiser Permanente seeks to improve the health of the communities it serves by both providing high-quality, integrated health care services and enhancing the economic and social conditions in communities that impact people’s health.
In San Diego, $3.2 million will be invested to preserve 22 units of affordable housing at the 43rd Street Apartments in the City Heights area currently housing low- and moderate-income families. The developer, Housing Innovation Partners, plans to keep the rents for this housing stable for residents.
“Stable, affordable housing is essential to a person’s health,” said John Yamamoto, vice president of Community Health and Government Relations at Kaiser Permanente Southern California. “Yet, many of the communities we serve are grappling with high rates of housing insecurity and homelessness. These efforts are designed to help change that.”
Jon Walters, associate director of Housing Innovation Partners, emphasized how the loss of affordable, multifamily housing is impacting a growing number of families in the San Diego region, and how that is contributing to increased homelessness in the community.
“When we first met with the residents of the property, their main concern was that the purchase of the site would result in a dramatic increase in rent or a loss of their housing,” Walters said. “We were happy to inform them not only have we been able to preserve the site as affordable housing, but have the goal of reducing their tenant portion of rent over time.”
The San Diego and Los Angeles developments are the first impact investments in Southern California from the recently created $100 million RxHome Fund. This fund is comprised of a $50 million loan from Kaiser Permanente to Enterprise Community Loan Fund, plus an additional $50 million in capital from ECLF. The goal of the RxHome Fund is to create and to preserve 3,250 healthy and affordable homes over the next decade in Kaiser Permanente’s service areas nationwide.
The RxHome Fund is part of Kaiser Permanente’s $200 million Thriving Communities Fund addressing housing stability, homelessness and other community needs. The Thriving Communities Fund is designed to make investments to improve the conditions for health in the communities served by Kaiser Permanente, where 12.3 million members and 68 million people reside. Impact investing is an innovative strategy to produce measurable social benefit impacting people’s lives, with sufficient financial returns to replenish funds for continued investment.
Lori Chatman, president of Enterprise Community Loan Fund, said this $4.3 million investment of private capital is to support well-designed homes that are affordable and connected to health care, good jobs, schools and transit. “As a social impact investor, Kaiser Permanente is investing to create better health outcomes for residents while earning a financial return,” she explained. “We hope that Kaiser Permanente’s investment will inspire even more socially minded investors to recognize the connection between positive health outcomes and a stable home.”
In Los Angeles, $1.1 million will be invested in a Los Angeles Family Housing development in the North Hills area of the San Fernando Valley. The Angel Apartments project will transform 22,260 square feet of underutilized commercial space into 53 units of permanent supportive housing for formerly homeless residents, as well as chronically homeless veterans. The development will feature four residental floors and on-site support services that include intervention, education and employment assistance, substance abuse and health treatment, after-school academic support and community activities.
San Diego Medical Center’s environmentally-friendly design and operations become first double LEED Platinum hospital in the world
The Kaiser Permanente San Diego Medical Center achieved LEED EBOM Platinum Certification in October 2019, making the facility the first double Platinum hospital listed on the US Green Building Council’s certified project directory.
Designed for cleaner, greener energy, the San Diego Medical Center uses cutting-edge technologies to produce its own electricity, heat, and cooling, create less greenhouse gases and save water. These innovations earned the San Diego medical Center its first LEED Platinum Certification for Building and Construction when it opened in 2017.
“Having LEED Platinum certifications in both Building Design and Construction and Existing Building Operations and Maintenance demonstrates Kaiser Permanente’s commitment to building and operating a sustainable environment of health,” said Jane Finley, senior vice president and area manager for Kaiser Permanente San Diego. “Sustainability is an essential strategy of an organization like ours that is focused on improving the health of members, staff, and the entire community.”
LEED reduces cost streams associated with building operations, reduces environmental impacts, creates healthier and more productive employee workspaces, and provides public recognition for leadership in sustainability. To earn a LEED EBOM Platinum certification requires sustainable site management, innovative water and energy efficiency, responsible purchasing and waste management, and promoting a healthy indoor environment. This certification demonstrates the united efforts of several departments in the medical center staff including Environmental Health and Safety, Environmental Services, Purchasing, Information technology, and Engineering, along with Kaiser Permanente partners, UL’s advisory services and ARUP’s engineering expertise.
Highlights of the sustainable building operations include:
- 29.10% reduction in conventional commuting trips.
- Proactive indoor air quality testing.
- Increased outdoor air ventilation at 30% above required levels.
- 100% recycling rate of electronic waste.
- 35.52% reduction of potable water use and a 39.76% reduction of process water use.
- ENERGY STAR certification with a score of 92.
- Sustainable site characteristics including bio-retention swales for rainwater, use of native vegetation, cool roof, and Electric Vehicle charging stations.
- Janitorial purchases UL Ecologo certified cleaning products, recycled paper goods, and CRI certified powered maintenance equipment.
- Implemention of a fault-detection monitoring based ongoing commissioning program that includes elements of planning, system testing, performance verification, corrective action response, ongoing measurement, and documentation to proactively address equipment operating problems.
- 100% of building energy usage has been offset with a combination of on-site and off-site renewable energy and carbon offsets.
The San Diego Sockers named Kaiser Permanente as the exclusive health care provider for the team. In addition, Kaiser Permanente will continue to serve as the Presenting Partner to the sports organization through the 2021-22 season.
"We are pleased to continue our relationship with Kaiser Permanente,” said Sean Bowers, General Manager of the San Diego Sockers. “The synergy between our two organizations has been excellent and we look forward to benefitting from the medical expertise and care they will bring to our organization.”
As the official medical provider, Kaiser Permanente will provide a dedicated sports medicine team to ensure the highest level of care and medical oversight for the Sockers. In addition, Kaiser Permanente will sponsor Sockers youth camps and partner with the club on a variety of community initiatives that promote health and wellness.
“Our partnership with the San Diego Sockers is a natural fit,” said Michael Lalich, M.D., medical director and chief of staff for Kaiser Permanente San Diego “The San Diego Sockers and Kaiser Permanente have shared values – both organizations are committed to improve the health of the San Diego community and promote healthy, active lifestyles,” he added. “We are honored to be entrusted with the health care needs of this outstanding team and look forward to a high-energy season, which inspires us all to Thrive!”
The Sockers begin their 24-game Major Arena Soccer League (MASL) season for 2019-20 on Sunday, November 24, when they play host to the California Express at Pechanga Arena San Diego. Season memberships and single-game tickets are now available for all twelve home matches by calling (866) 799-GOAL or visiting sdsockers.com.