UnitedHealth Group has upped its funding of affordable housing units with a new multi-million dollar investment.
The company said it has invested $100 million in the Health & Housing Fund, a partnership with Stewards of Affordable Housing for the Future and National Affordable Housing Trust. The investment will build 1,000 apartments for families and older adults fighting housing insecurity.
The first three developments built with the investment will be 100-apartment Anacostia Gardens in Washington, D.C. by the NHP foundation; 40-apartment Morning Star Apartments in Wharton, Texas, by National Church Residences; and 30-apartment Bent Oak Village in Chocktow, Oklahoma by Volunteers of America. Locations for the other 830 apartments will be announced in the coming months.
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Samantha Stokes
Samantha Stokes, based in New York, is a staff reporter at American Lawyer covering the business of law. You can reach her at [email protected] or on Twitter: @stokessamanthaj.
