CVS Health invested $185 million in affordable housing last year, the healthcare giant announced.
The investments support building and rehabilitating more than 6,570 housing units in 64 cities across 28 states and the District of Columbia, CVS said. This includes 736 permanent supportive housing units that aim to provide stable homes for people and families who may be facing homelessness or other challenges.
Residents of these units have access to a range of services intended to improve their health, CVS said, such as behavioral health and social programs.
“Our longstanding commitment to addressing housing insecurities in our communities is grounded in our purpose to bring our heart to every moment of health,” said David Casey, senior vice president and chief diversity officer at CVS Health. “Through our affordable housing investments and our work with local organizations to provide supportive services, we’re advancing health equity at the community level, helping people live healthier and creating positive change all around them.”
Here's a look at few of the company's specific housing investments from 2021:
- $7.7 million was invested in building Uptown Sky, a new multifamily complex in Tampa, Florida. It will provide 61 units to people and families with demonstrated need as well as on-site supportive services such as workforce training and financial management programs.
- $9.2 million backs 17 Mississippi, a 41-unit community in the District of Columbia. Residents will also be provided with resources such as counseling, recovery and training programs and employment resources.
- CVS invested $11.7 million in Espero Austin at Rutland, which includes 171 units of permanent supportive housing in Austin, Texas.
- $24.3 million backs building 192 housing units as well as a federally qualified healthcare center in New Orleans.
- $16.7 million was invested into building Alberta Alive in Portland, Oregon, which includes 21 units for families and 31 for veterans as well as support services.
Along with planning housing investments for 2022, CVS is also exploring other ways to enhance its community support programs, the company said. For one, it is planning to grow the reach of its Project Health program, which offers free biometric screenings in an effort to identify potential chronic conditions more quickly.