MPDC is pleased to announce that we have received Massachusetts General Hospital, part of the Mass General Brigham health system, Community Health Impact Funds. With these funds, MPDC will pilot an innovative homeownership advancement model utilizing a new financing tool that will create a clear pathway for low- and moderate-income MPDC tenants to build savings toward a down payment over the course of two years.
This funding is part of $18 million in Community Health Impact Funds that has been awarded to 22 local organizations to support affordable housing initiatives in Boston and North Suffolk County. The Phillip and Susan Ragon Building, a multi-year construction project that will result in a state-of-the-art clinical care building on the MGH campus, triggered this landmark investment through the Massachusetts Determination of Need (DoN) process.
“Housing insecurity and substandard housing are strongly linked to health conditions like cardiovascular disease, asthma, and chronic stress,” said David Brown, MD, Mass General Brigham’s President, Academic Medical Centers. “We are so pleased for the opportunity to invest in and partner with these community-based organizations offering life- and health-altering solutions to the housing crisis in Suffolk County.”
MPDC is thrilled to introduce this new model for innovative homeownership advancement, which will simultaneously address the shortage of affordable rental units by opening income-restricted MPDC rental units as current tenants transition into their own homes. Lease to Legacy is an exciting facet of MPDC’s new strategic plan, which outlines a three year commitment to advancing asset and community wealth-building for MPDC residents and the Roxbury neighborhood.
“The housing crisis in our state and across the country is felt most acutely in historically marginalized communities,” said Leslie Aldrich, MPH, Mass General Brigham’s Executive Director for Community Health. “The 22 proposals chosen reflect an equitable, multi-pronged approach to benefitting those most impacted by housing insecurity—unhoused populations, LGBTQ+, immigrants, domestic violence survivors, communities of color, and more.”
About Mass General Brigham
Mass General Brigham is an integrated academic health care system, uniting great minds to solve the hardest problems in medicine for our communities and the world. Mass General Brigham connects a full continuum of care across a system of academic medical centers, community and specialty hospitals, a health insurance plan, physician networks, community health centers, home care, and long-term care services. Mass General Brigham is a nonprofit organization committed to patient care, research, teaching, and service to the community. In addition, Mass General Brigham is one of the nation’s leading biomedical research organizations with several Harvard Medical School teaching hospitals. For more information, please visit massgeneralbrigham.org.
About Massachusetts General Hospital
Massachusetts General Hospital, founded in 1811, is the original and largest teaching hospital of Harvard Medical School. The Mass General Research Institute conducts the largest hospital-based research program in the nation, with annual research operations of more than $1 billion and comprises more than 9,500 researchers working across more than 30 institutes, centers and departments. Massachusetts General Hospital is a founding member of the Mass General Brigham healthcare system.
