Five notes:
1. The development will comprise at least 80 units — 56 one-bedrooms and 24 two-bedrooms, according to a Feb. 7 health system news release.
2. Units will be accessible to a variety of populations, including seniors, young professionals and small families.
3. Housing quality is a social determinant of health factor, which affects quality-of-life outcomes and risks, the release said.
4. Of the 80 units:
- Thirty-two will be for residents earning at or below 60% of area median gross income.
- Twenty will be for residents earning at or below 80%.
- Sixteen will be for residents earning at or below 50%.
- Eight will be for residents earning at or below 30%.
- Four will be offered as market-rate units.
5. The investment will be structured as a soft-debt mortgage, financed through the system’s endowment fund and at a below-market interest rate, the release said.
University Hospitals comprises 21 hospitals and more than 50 health centers and outpatient facilities.
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