For years, big payers have individually invested hundreds of millions of dollars into building or preserving affordable housing nationwide in an effort to enhance long-term health equity and outcomes within the communities they serve.
Five major investments made by payers in the last year:
Kaiser Permanente invests another $200M
The payer-provider first invested $200 million in 2018 to build or preserve 15,000 housing units by 2025. It announced April 14 it would double the fund to $400 million to build or preserve 30,000 units before 2030.
Humana invests additional $25M
The payer said April 13 it would double its initial $25 million investment in September. The move will fund low-income housing tax credits for developers to build or maintain affordable housing in 11 states.
UnitedHealth Group invests $100M
The company said April 7 it would spend $100 million to build 1,000 homes for older adults and families. The move also includes funding for on-site healthcare services.
The payer said in July it would invest $87.9 million in 11 Indiana cities to finance 1,139 new housing units. The move is part of its total $410 million affordable housing investment across 45 states.
The payer-provider surpassed $200 million in affordable housing investments last April. The funding facilitated the building or rehabilitation of 12,500 units across 130 communities in California.