The housing and health care sectors can be key collaborators in achieving the common goal of designing, constructing and operating a financially sustainable supportive housing project that can provide a meaningful return on investment.
Creating new supportive housing units involves coordination with players in the public and private sectors to fold in a variety of funds. Developers responsible for the construction of these units work with federal, state and local officials, banks, private investors and foundations to secure capital funding. Developers, along with landlords and property owners, secure rental subsidies to help keep the units affordable. Service providers work with a variety of private foundations as well as federal, state and local agencies to cover the costs of providing supportive services.