Why Hospitals Are Getting Into The Real Estate Business

Nationwide Children’s Hospital developed Career Gateway Homes, a combination low-income housing project and employment-training center.

Courtesy Nationwide Children's Hospital

Michael Doody remembers some things about his Columbus, Ohio neighborhood in the 1990s:

“Gunshots, helicopters, thefts, smashed out windows, burglaries, robberies, assaults and murders.”

In addition to the crime, roughly 50 percent of the children were living in poverty in this area, known as Southern Orchards.