The Healthy Housing Foundation by AHF’s Mission
AIDS Healthcare Foundation launched Healthy Housing Foundation (HHF) in 2017 to address the rampant affordable housing and homelessness crises. Since then, HHF has purchased and renovated 18 properties nationwide, converting them into affordable housing via adaptive reuse, a much faster, much less expensive way of getting people off the streets. HHF's adaptive reuse model proves we can help low-income people in need without lengthy delays and by taking advantage of already existing property inventory rather than waiting on new construction, the majority of which is far from affordable.
Build or acquire units to make them available for low-income housing (below 50% of the average median income).
Scale this model to create housing for more Americans in need at the lowest income levels.
Generate returns sufficient to justify deploying capital in this way.
Refurbish these units for far less than the $350,000 per unit currently touted as the “norm.”
Use 100% equity financing to do so, without leverage or LIHTC funding, which often carries regulations and restrictions that inhibit cost-effective decent housing.
