UnitedHealth Gives $100 Million to Health & Housing Fund
April 07 2022 - 9:49AM
Dow Jones News
By Chris Wack
UnitedHealth Group said it plans to invest an additional $100
million in the Health & Housing Fund, a partnership with
Stewards of Affordable Housing for the Future and National
Affordable Housing Trust.
The new money brings the company's total investments in
affordable housing to nearly $800 million, resulting in what it
says is the creation of nearly 19,000 homes for individuals and
families struggling with housing insecurity, more than 1,000 of
which will be a direct result of the new investment.
UnitedHealth said construction is underway in East Point, Ga.;
Monroe, N.C.; and Beaverton, Ore.; for three affordable housing
communities that will provide nearly 250 homes for older adults and
families. Additional affordable housing locations will be announced
in the coming months as development proposals are finalized. A $1
million investment will support on-site health-related services for
residents in those communities and be used by SAHF to measure,
analyze and report on property residents' health outcomes.
The company provided more than $1 million in grants to support
on-site health-related services for residents in 2020.
The company is also investing in programs and partnerships
focused on food, health literacy, behavioral health and social
isolation, including $100 million to fight the Covid-19 pandemic
and support those most directly impacted by the public health
emergency, such as healthcare workers, hard-hit communities and
older adults.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
April 07, 2022 09:34 ET (13:34 GMT)
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