Media
January 2019

Healthcare giant Kaiser buys Oakland building for affordable housing

From SF Curbed
The Oakland-based healthcare giant Kaiser Permanente announced a surprise entry into the housing sector Wednesday, a gesture that the company frames as a health-related move by way of cutting back on housing insecurity. According to a company announcement, “an approximate $5.2 million has been committed to acquire a 41-unit housing complex in East Oakland, near Kaiser Permanente’s national headquarters” for affordable housing purposes. Kaiser identifies the building as the Kensington Gardens Apartments on 26th Avenue, a circa-1928 building that previously sold in 2015 for $4.15 million.... View article
News
January 2019

EBALDC Partners with Kaiser Permanente on Fund for Housing Affordability

EBALDC is proud to announce our partnership with Kaiser Permanente, Enterprise Community Partners, and the City of Oakland on the Housing for Health Fund, a segment of Kaiser Permanente’s $200 million commitment to tackling housing insecurity through their Thriving Communities Fund. Kaiser Permanente has committed to investing $50 million towards housing affordability efforts in the Bay Area, half of which is prioritized for Oakland. Their first investment will be approximately $5.4 million towards Kensington Gardens Apartments, a 41-unit housing complex in the San Antonio neighborhood of Oakland and EBALDC’s latest acquisition.... Read more
Media
January 2019

Kaiser Permanente Announces Three Initiatives to Improve Community Health by Tackling Housing Insecurity

From Cision PR Newswire
OAKLAND, Calif., Jan. 15, 2019 /PRNewswire/ — Kaiser Permanente today unveiled several major initiatives that will improve health outcomes by creating stable housing for vulnerable populations. The initiatives — including seeding a real estate investment in Oakland, anchoring a $100 million national loan fund for affordable housing and kicking off a plan to end homelessness for more than 500 Oakland-area residents — are part of a comprehensive strategy to advance the economic, social and environmental conditions for health in the communities that Kaiser Permanente serves. At a press conference with Oakland Mayor Libby Schaaf and several partners, Kaiser Permanente Chairman and... View article
Media
January 2019

This healthcare giant invests millions in affordable housing to keep people healthy

From Fast Company
In an East Oakland neighborhood on the verge of gentrification, when an affordable apartment complex went up for sale–and tenants there risked steeply rising rents–Kaiser Permanente, the largest private integrated healthcare system in the U.S., helped put up the money to buy the building and keep rent low. It’s the first impact investment for the Oakland-based company’s $200 million Thriving Communities Fund, and one of three major projects the company announced today. Along with the nonprofit Enterprise Community Partners, Kaiser created a new joint equity fund called the Housing for Health Fund and contributed $5.2 million... View article
Media
January 2019

Kaiser Announces 3 Initiatives To Fight Homelessness During Event With Mayor Schaaf

From SF Gate
Kaiser Permanente leaders on Tuesday announced three major initiatives aimed at improving health outcomes by creating stable housing for homeless people in Oakland and across the country. Bernard Tyson, the chairman and chief executive of Kaiser, which is based in Oakland, said, “Housing security is a crucial health issue for vulnerable populations.” Joined by Oakland Mayor Libby Schaaf and others at a news conference at City Hall, Tyson said, “Access to affordable housing is a key component to Kaiser Permanente’s mission to improve the health of our members and the communities... View article
Media
January 2019

Kaiser Permanente to spend $5.2 million on affordable housing in Oakland

From East Bay Times
OAKLAND – Kaiser Permanente announced Tuesday it will spend $5.2 million to purchase a 41-unit apartment building in East Oakland, the health care giant’s first step in its aggressive effort to shelter the homeless and improve health care for the poor. The Oakland-based company also revealed plans to partner with the city and community aid groups to identify, house and provide services for 500 vulnerable homeless people over the age of 50. “Kaiser Permanente believes that in the 21st century there are certain things we should resolve and certain principles we should stand... View article