Humana Announces Additional $40 Million Investment in Affordable Housing
April 13 2023 - 1:00PM
Business Wire
- Latest round of funding raises Humana’s total financial
commitment for affordable housing to $90 million, increases scope
of national program to include additional communities.
- Humana’s affordable housing program is intended to help
vulnerable Americans remain stably housed by expanding the supply
of low-cost rental units in communities nationwide, including in
the states of Arizona, Florida, Georgia, Illinois, Indiana,
Kentucky, Louisiana, Michigan, Ohio, Oklahoma, South Carolina,
Tennessee, Texas, Virginia, Washington and Wisconsin.
- Humana’s national housing strategy continues to seek 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.
In support of its ongoing national commitment to improve housing
stability for vulnerable members and communities, Humana Inc.
(NYSE: HUM) today announced an additional $40 million investment to
increase the supply of affordable housing. This latest round of
funding raises Humana’s total financial commitment for affordable
housing to $90 million and increases the scope of the program to
include additional properties nationwide, including in the states
of Arizona, Florida, Georgia, Illinois, Indiana, Kentucky,
Louisiana, Michigan, Ohio, Oklahoma, South Carolina, Tennessee,
Texas, Virginia, Washington and Wisconsin. At the same time, Humana
continues to work with communities around the country to better
understand the vital wrap-around services that help to stabilize
and address health-related social needs.
“At Humana, we recognize that housing quality and related
support services have a direct impact on health, which is why we
are committed to increasing the supply of affordable housing and
support services for vulnerable populations in the communities we
serve,” said John Barger, President of Humana’s Medicaid
business, Humana Healthy Horizons. “Through creative
partnerships in affordable housing, we can help people gain access
to safe and quality places to live and provide the stability they
need to focus on achieving their best health. We are pleased to
increase our investment in affordable housing to help revitalize
properties in numerous communities across the country.”
Humana knows that housing stability is a key social determinant
of health and is one of the issues the company is addressing
through its social health initiatives. To help improve the health
of its members and communities, 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
- Strategic Investments to Increase Community Capacity
The company has initiatives underway to support all three areas,
including its affordable housing commitment which now totals $90
million. This investment will help address the short supply of
low-cost rental units and create affordable housing capacity in
many of the communities that Humana serves.
“We truly value the partnership we’ve had with Humana over the
years to help meet the growing demand for quality, affordable
housing across the country,” said Steve Kropf, President and CEO
of Raymond James Affordable Housing Investments. “We believe a
stable, safe, and affordable home environment is essential to a
high quality of life and leads to healthier communities. It’s
through key partnerships like the one we have with Humana that we
are able to significantly impact the health of residents across the
country – together.”
About Raymond James Affordable Housing
Investments
Raymond James Affordable Housing Investments is a wholly owned
subsidiary of Raymond James Financial, Inc. (NYSE-RJF). Since 1972,
subsidiaries of RJF have been among the leading syndicators of
affordable housing. Raymond James Affordable Housing Investments
has raised nearly $15 billion in equity for more than 2,500
properties across the United States since the inception of the tax
credit program in 1986. For more information, visit
raymondjames.com/ahi.
About Raymond James Financial,
Inc.
Raymond James Financial, Inc., (NYSE: RJF) is a leading
diversified financial services company providing private client
group, capital markets, asset management, banking and other
services to individuals, corporations and municipalities. The
company has approximately 8,700 financial advisors. Total client
assets are $1.17 trillion. Public since 1983, the firm is listed on
the New York Stock Exchange under the symbol RJF. Additional
information is available at raymondjames.com.
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/20230413005040/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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