Humana Expands Upon Its Bold Goal Initiative with $25 Million Affordable Housing Investment
September 09 2021 - 8:00AM
Business Wire
- Humana’s Bold Goal social health initiative seeks to provide
people with more Healthy Days and better lives by focusing on
critical social determinants of health, including housing
stability.
- Humana’s national housing strategy aims to address members’
housing needs through a three-part approach, including
interventions and investments that reduce health care costs and
improve outcomes for vulnerable members and communities.
- $25 million investment will help expand the supply of
affordable housing in the states of Florida, Georgia, Illinois,
Kentucky, Louisiana, Ohio, Oklahoma and Texas.
As part of its population health strategy to improve the health
of its members and communities, Humana Inc. (NYSE: HUM) today
announced a $25 million investment to increase the supply of
affordable housing in the states of Florida, Georgia, Illinois,
Kentucky, Louisiana, Ohio, Oklahoma and Texas. Humana considers
housing stability to be a key social determinant of health and one
of the issues the company is addressing through its Bold Goal
social health initiative.
“Housing insecurity can disproportionally affect
Medicaid-eligible patients and lead to inadequate health outcomes,”
said John Barger, Humana Medicaid President. “To achieve their best
health, people need access to stable, safe and affordable places to
live. Humana’s national housing strategy is one way we are helping
our communities address their housing needs. Through a three-part
approach, inclusive of interventions and investments, we aim to
reduce health care costs and improve outcomes for some of our most
vulnerable members and communities. This latest investment expands
upon our housing strategy and will undoubtedly help many struggling
to find affordable housing.”
Humana’s national housing strategy is focused on three key areas
- Housing Stability and Homelessness Prevention, Stabilizing
Individuals with Significant Health Risks with Incremental Clinical
Support, and Strategic Investments to Increase Community Capacity.
Recent examples of Humana’s housing programs include a partnership
with legal services organizations in Louisiana to provide tenancy
support and eviction diversion for Medicaid recipients, and a
partnership with Volunteers of America in Kentucky to provide
recovery beds for mothers overcoming substance use disorders. This
newest investment will help address the short supply of low-cost
rental units, creating affordable housing capacity in many of the
communities that Humana serves.
Humana’s $25 million investment will be deployed through three
syndicated funds that have been established to increase affordable
housing capacity through the use of low income housing tax credits
(LIHTC). The three syndicators, CREA LLC, PNC Real Estate and
Raymond James work with developers to identify potential affordable
housing properties for either rehabilitation or new construction in
numerous cities across the country.
“To achieve true health equity, we need to address the
underlying factors that may prevent people in underserved
communities from reaching their best health,” said Dr. Nwando
Olayiwola, Chief Health Equity Officer at Humana. “Humana is
committed to addressing structural and root cause barriers to good
health outside of the clinical setting, such as access to healthy
food, transportation, social connections and stable housing, to
help eliminate unjust differences in health.”
About Humana
Humana Inc. is committed to helping our millions of medical and
specialty members achieve their best health. Our successful history
in care delivery and health plan administration is helping us
create a new kind of integrated care with the power to improve
health and well-being and lower costs. Our efforts are leading to a
better quality of life for people with Medicare, families,
individuals, military service personnel, and communities at
large.
To accomplish that, we support physicians and other health care
professionals as they work to deliver the right care in the right
place for their patients, our members. Our range of clinical
capabilities, resources and tools – such as in-home care,
behavioral health, pharmacy services, data analytics and wellness
solutions – combine to produce a simplified experience with the
goal of making health care easier to navigate and more
effective.
More information regarding Humana is available to investors via
the Investor Relations page of the company’s website at humana.com,
including copies of:
- Annual reports to stockholders
- Securities and Exchange Commission filings
- Most recent investor conference presentations
- Quarterly earnings news releases and conference calls
- Calendar of events
- Corporate Governance information.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210909005311/en/
Lisa Stoner Humana Investor Relations (502) 580-2652 e-mail:
lstamper@humana.com
Mark Taylor Humana Corporate Communications (317) 753-0345
e-mail: mtaylor108@humana.com
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