UnitedHealthcare to invest $18.3M in Michigan affordable housing complexes

Minnetonka, Minn.-based UnitedHealthcare will invest $18.3 million in two affordable housing complexes in Oak Park and Hart, Mich., The Detroit News reports.

Advertisement

UnitedHealthcare will invest $14.6 million in a 60-unit mixed-income project in Oak Park. For the project, Troy, Mich.-based Community Housing Network will construct a former school into 20 apartments and build eight townhouse complexes containing 40 units on the former school’s campus.

Of the 60 units, 21 will be designated as “supportive” housing for tenants requiring on-site counseling and social services, the report states. The complex is slated to be complete in 2018.

The payer will also infuse $3.7 million in the 24-unit Hart-based Woodland Place Apartments. Twelve of the complex’s units will be used for homeless individuals and those with specials needs.  

More articles on payer issues:
Medtronic, Aetna ink risk-sharing agreement
Boston insurance co-op to shutter, transition to for-profit entity
Andrew McCulloch, president of Kaiser Permanente Northwest, to retire: 3 points

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Register to Attend Webinar

Rethinking Safety and Security in the Healthcare Environment

Thursday, July 23
1:00 PM - 2:00 PM CDT

Presenters: Jon Share, AxonDan Snyder, Advocate HealthKeith Hunter, Wellstar

Advertisement

Next Up in Care Coordination

Advertisement

Comments are closed.