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

04-07-22 0934ET