Medical health insurance agency Humana has introduced a $25 million funding to extend the provision of reasonably priced housing within the states of Florida, Georgia, Illinois, Kentucky, Louisiana, Ohio, Oklahoma, and Texas.
A part of Humana’s inhabitants well being technique geared toward enhancing social determinants of well being, the hassle will give attention to three areas: housing stability and homelessness prevention, stabilizing people with important well being dangers with incremental medical help, and strategic investments to extend neighborhood capability. The funding shall be deployed via three syndicated funds at CREA LLC, PNC Actual Property, and Raymond James which can be designed to extend reasonably priced housing capability via the usage of low-income housing tax credit (LIHTC). The funds work with builders to determine potential reasonably priced housing properties for rehabilitation or new development in cities throughout the nation.
“Housing insecurity can disproportionally have an effect on Medicaid-eligible sufferers and result in insufficient well being outcomes,” mentioned Humana Medicaid president John Barger. “To attain their greatest well being, folks want entry to secure, protected, and reasonably priced locations to dwell. Humana’s nationwide housing technique is a method we’re serving to our communities tackle their housing wants. By a three-part strategy, inclusive of interventions and investments, we goal to scale back well being care prices and enhance outcomes for a few of our most susceptible members and communities. This newest funding expands upon our housing technique and can undoubtedly assist many struggling to seek out reasonably priced housing.”