Health equity is the attainment of the highest level of health for all people in a community, valuing everyone equally. Health equity means a focused and ongoing effort to address avoidable socioeconomic inequalities in health, healthcare and community development.
Contact: Sabrina Terry
Building wealth isn’t just about saving money or improving access to lending. Economic well being is intrinsically tied to social, physical and mental health, and financial instability has a direct ramification on a person’s health.The connection between health and community development is clear. Low- to moderate-income communities tend to suffer much more from health issues than wealthier neighborhoods. And health inequality prohibits many families and individuals from generating wealth.
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Utilizing our model of community reinvestment organizing, NCRC encourages banks to support more holistic and inclusive community development efforts. Analogously, we also collaborate with organizations and members to bring together these same financial institutions with health care systems.
Through research and listening sessions, NCRC has observed that the underpinning of an individual’s health is the ability to maintain safe and affordable housing. NCRC values the opportunity to collaborate with our members, community stakeholders and hospitals and health systems as we strive to improve the health of our communities and its most vulnerable members. By improving health, we can make strides toward a more just economy.
Our Model of a Healthy Community
Healthy Communities – Partnering with Hospitals to Invest in Community Development
What does the historic overhaul of Community Reinvestment Act regulations mean for health institutions?
My immigrant parents are still running the small-town corner store they bought half a century ago. I’m left to pick up the shattered pieces of their dream.
America’s most powerful tool for fixing economic inequality is also key to fixing inequities in public health — because wealth and health are closely linked.
Wealth equity is intrinsically tied to health equity. Hospitals and health systems are stepping into the community development arena more frequently as there are many opportunities for them to partner with banks and other financial institutions to reduce economic disparities that could reduce health disparities.
CRA’s First Aid Kit: Tools and Resources for Hospitals, Health Systems and Medical Professionals to Support CRA Modernization
Access to housing, jobs, transportation, education, healthy food and recreation are the building blocks for a healthy community, outside of clinical care. Working with banks to support those building blocks is supported by a robust CRA.
Loans and investments made as part of banks’ Community Reinvestment Act (CRA) activities are an important source of funding for hospitals and health systems to address social determinants of health, the physical and social conditions in the environment that influence health.
Health and wealth equity didn’t exist in the U.S. before COVID-19, and the pandemic only exacerbated racial, ethnic, gender and geographic disparities. To address these issues and provide a platform for collaborative work toward solutions, NCRC members and partners in North Carolina held a 3-day special online event Oct. 13-15, 2020: Invest in Health and Wealth: Stabilizing Underserved Communities While Fighting a Pandemic.