CVS Health invests $9.2M to build affordable housing in DC

CVS Health is investing $9.2 million in a 41-unit affordable housing complex in Washington, D.C. 

The company is working with affordable housing nonprofit NHP Foundation and Legacy Real Estate Development, according to a Dec. 1 news release from CVS Health. 

The complex will be constructed in Washington's 8th Ward and will include studio, one-bedroom and three-bedroom units. Nine units are reserved for homeless individuals or those in need of mental health resources, while nine are reserved for income-qualified artists. 

The district's poverty rate is 5.9 percent higher than the national average, according to the news release. 

On Nov. 22, CVS Health announced a similar $7.7 million investment in an affordable housing project in Tampa, Fla.

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