Kaiser Permanente’s Thriving Communities Fund Invests $50 Million in Supportive Housing
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Permanent Supportive Housing With Per-Unit Cost Below $200,000.
The SDS Supportive Housing Fund a first-of-its-kind real estate impact fund managed by SDS Capital Group has raised $106 million to build up to 1,800 financially sustainable permanent supportive housing units for people experiencing homelessness in California. As the lead investor, Kaiser Permanente has committed $50 million from its Thriving Communities impact investment fund to significantly grow the new Fund.
Through this model, urgently needed housing will be built for less than half the cost and three times as fast as the average cost and time required to build permanent supportive housing (PSH) in California. The Fund is expected to finance up to 1,800 PSH units statewide, predominantly in the Los Angeles area.