HNEF II PROJECT ELIGIBILITY

To be considered for an HNEF II investment, developments must meet the following threshold criteria:

  • Demonstrated neighborhood and community support
  • Location: Within ½ mile of transit, or in a mixed-use neighborhood with potential for increased walkability
  • Scale: $5 million Total Development Cost (TDC)
  • Uses: Mixed-use, mixed-income housing (rental or ownership)
  • Expectation of measurable community impact
  • Development will give traction to a community’s vision for becoming healthy, environmentally responsible, and resilient, i.e., (1) neighborhood and/or community wide plans support walkable, mixed use, sustainable development, and (2) the development design adequately incorporates these factors

HNEF II Financing Terms

  • Investments typically represent 5% to 25% of TDC
  • HNEF II equity can represent up to 90% of total equity
  • Investments are typically made at closing with a maximum term of 10 years
  • Investments range from $1 million - $10 million
  • Project sponsor must have a clear exit strategy

HealthScore Rating System

All potential HNEF developments receive a HealthScore rating of 50-100 based on a weighted average of the following criteria:

  • Neighborhood screening criteria measure the need and opportunity for healthy development

    • Community Vision and Priorities
    • Opportunity to Reduce Health Disparities
    • Transportation Access and Utilization
    • Opportunity to Advance Regional Equity

  • Development screening criteria measure how well the project meets the need and opportunity for healthy development

    • Neighborhood Walkability
    • Responsive and Inclusive Development
    • Housing Choice and Affordability
    • Economic Opportunity
    • Healthy Food Access
    • Green Space Access
    • Low Carbon Buildings
    • Sustainable Transportation
    • Climate-Resilient Sites
    • Operational Health and Safety

    Minimum HealthScore to be considered for investment : 50

    Projects meeting the minimum Healthscore receive a tier classification:

    • Moderate Impact: 50-65
    • High Impact: 65-75
    • Very High Impact: 75+

    • The information on this website does not constitute an offer to sell or a solicitation of an offer to buy any interests in the Healthy Neighborhoods Equity Fund II Limited Partnership (the “Fund”). Any such offering will occur only in accordance with the terms and conditions set forth in the confidential private offering memorandum of the Fund (the “POM”). The information on this website is qualified in its entirety by reference to the POM and the Fund’s organizational documents which should be carefully reviewed by prospective investors.