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CHARLOTTE, N.C. ― Novant Health has pledged $6 million to the Charlotte Housing Opportunity Investment Fund to address Charlotte’s affordable housing crisis. The commitment helps the fund complete its goal of $50 million to match the City of Charlotte’s $50 million housing bond referendum. Foundation For The Carolinas started the fund.
“It’s an honor to help the Charlotte Housing Opportunity Investment Fund meet its $50 million goal to help alleviate the affordable housing crisis,” said Carl S. Armato, president and chief executive officer for Novant Health. “While our team members look to improve quality of life within our facilities, it’s important for us to recognize that well-being starts at home. We are diligently pursuing strategies to tackle the challenges surrounding social determinants of health in our communities, of which safe and affordable housing is a key concern in the Charlotte area.”
With more than 55,000 Charlotteans without an affordable place to live, Charlotte needs an additional 24,000 units of affordable housing to meet this current need. The need for affordable housing will only increase, as projections from the United Nations forecast Charlotte as the fastest growing area in the U.S. through 2030.
“As a community, we have come together to recognize the essential need of quality housing for all Charlotteans and the commitment required to make progress toward that goal,” said Vi Lyles, mayor of Charlotte. “Today’s donation by Novant Health officially completes our $50 million investment fund objective and allows our city to move forward with a plan to provide safe, affordable housing for everyone.”
“We are so grateful for Novant Health’s extraordinary generosity in support of such an important cause,” said Michael Marsicano, president and CEO of Foundation For The Carolinas. “When we set the goal of $50 million from the private sector for affordable housing, we knew we’d need strong partners who are committed to this community and who lead by example. It’s fitting, then, that the final organization to help us meet that goal is one that exemplifies those attributes as strongly as does Novant Health.”
Novant Health has demonstrated a long-standing commitment to improving the health of our communities, one person at a time, by improving access to care, investing in the community and supporting economic mobility.
Improving access to care
Novant Health continues to deliver on its commitment to improve access to care by placing providers in communities most in need, including:
In addition to clinics and providers, Novant Health creates increased access by:
Launching the ONE Charlotte Health Alliance in partnership with Atrium Health and the Mecklenburg County Health Department, which this year delivered two mobile units to help offer additional heath care access points in our public health priority areas
Investing in the community
Supporting economic mobility