Healthy Neighborhoods Equity Fund II

Overview

Healthy Neighborhoods Equity Fund II (HNEF II) is a private equity fund dedicated to financing mixed-income, mixed-use, and transit-oriented real estate developments in low-income communities across New England. The fund focuses on projects that aim to revitalize neighborhoods by providing affordable housing, commercial spaces, and community services, thereby fostering economic growth and improving residents' quality of life. HNEF II utilizes the Conservation Law Foundation's HealthScore impact grading tool to assess investments for their community, health, and environmental benefits, ensuring that developments contribute to neighborhood revitalization, economic growth, and environmental sustainability. By providing patient, low-cost capital, HNEF II supports projects that align with community visions and foster vibrant neighborhoods that promote regional equity and improved health outcomes. The fund has successfully invested in several developments, including Chelsea Flats, which consists of two buildings directly adjacent to a future Silver Line stop in Chelsea, and 1463 Dorchester Avenue, featuring affordable workforce apartments and ground-floor retail space. These investments have leveraged additional private and public funding, resulting in the creation of new mixed-income housing units, commercial spaces, and construction jobs in low- and moderate-income neighborhoods. HNEF II continues to build upon the success of its predecessor, HNEF I, by expanding its portfolio and impact in the region.

Investment Focus

• Projects must be located in low-income communities across New England.
• Developments should be mixed-income, mixed-use, and transit-oriented.
• Investments must demonstrate potential to positively transform neighborhoods and strengthen communities.
• Projects should align with community visions and promote regional equity and improved health outcomes.

Portfolio Companies