Innovative Financing to Create and Sustain Healthy, Equitable Communities
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Healthy Neighborhoods Equity Fund

Launched in 2017 in partnership with the Conservation Law Foundation, HNEF invests in high-impact, mixed-use, mixed-income projects with demonstrated potential to positively transform neighborhoods, strengthen community and environmental health, and promote regional equity while providing attractive risk-adjusted returns for investors. Working with its public health and research partners, HNEF I created a new and groundbreaking impact scoring system.

MHIC has fully deployed HNEF I and has launched HNEF II to build on HNEF I's track record. HNEF I portfolio of nine developments includes investments in Chelsea, Braintree, Haverhill, Beverly, and Boston (5). Those investments have leveraged an additional $144 million of private and public investment in low- and moderate-income neighborhoods, which has resulted in creation of 586 new mixed-income housing units and 139,423 sq. ft. of commercial space, and 612 construction jobs.

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