UnitedHealth Group Invests $100 Million in Affordable Housing
Minnesota-based, UnitedHealth Group is hoping to build more than 1,000 homes for older adults and families struggling with housing insecurity. The company announced this week that it will invest $100 million in order to build affordable housing across the United States through the Health & Housing Fund, a partnership with a Washington D.C.-based nonprofit Stewards of Affordable Housing for the Future, and the Ohio-based nonprofit, National Affordable Housing Trust.
As COVID-19 makes the connection between housing and health even more clear, UnitedHealth Group believes the need for more affordable housing has become an urgent problem. UnitedHealth Group hopes that the results of these new affordable housing communities will include better health outcomes in underserved communities.
Since 2011, UnitedHealth has helped build thousands of new affordable homes across the country. The locations of most of the new affordable housing communities have not been announced at this time; however, Washington D.C. and Texas are two of the confirmed locations. The news of the investment comes only a day after UnitedHealth Group announced that it would be donating $10 million to George Floyd’s family and $5 million to the YMCA Equity Innovation Center of Excellence following his death.