Since 2019, Intermountain has invested over $110 million in loans and other investments for affordable housing projects. This support is often directed towards innovative financing arrangements when conventional options are not available or affordable for developers.
Intermountain recognizes the importance of addressing social determinants of health for effective patient care. Providing support for affordable housing efforts in the communities they serve is just one way they’re working to improve the health outcomes of their patients.
The most recent example of Intermountain’s impact is a $4 million loan to help fund a new 247-unit affordable rental property. This project will cater to individuals with low incomes, seniors, farmworkers, formerly unhoused individuals, and people with special needs.
Through their partnership with Mercy Community Capital, Intermountain has contributed to the development of over 2,000 units of affordable housing and has improved the financial stability of more than 900 people. The health system plans to continue collaborating with Mercy Community Capital to pursue additional affordable housing opportunities in the states they serve.
