Market Overview

UnitedHealthcare Employees Welcome Residents of Two New Michigan Affordable-Housing Communities into Their New Homes

Share:
  • UnitedHealthcare has helped build 72 new communities in 16 states,
    bringing 3,400 homes to individuals and families in need of affordable
    housing and support services

An affordable-housing initiative by UnitedHealthcare is helping connect
people in need to quality housing and support services to help them live
healthier lives.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20181010005959/en/

Development partners, community leaders and newly moved-in residents celebrate the opening of Woodla ...

Development partners, community leaders and newly moved-in residents celebrate the opening of Woodland Place Apartments during a ribbon-cutting ceremony (Photo: Nick Azarro).

Celebratory events were held at two newly completed affordable-housing
developments, Jefferson Oaks in Oak Park and Woodland Place in Hart,
where UnitedHealthcare was the largest investor, providing a total of
$18.3 million for construction costs. UnitedHealthcare employees joined
community leaders and project partners to assemble welcome baskets
filled with household items and healthy foods donated by the company to
help welcome residents into their new homes.

Since 2011, UnitedHealthcare has invested $384 million to build more
than 70 affordable-housing communities in 16 states. These housing
communities have helped create more than 3,400 affordable homes for
individuals and families, including seniors, military veterans, people
living with disabilities, and people struggling with homelessness. In
Michigan, UnitedHealthcare partnered with Minnesota Equity Fund and
Cinnaire to invest $35 million for four new affordable-housing
developments in the state.

About Cinnaire
Cinnaire is a full-service community
development financial partner that supports community stabilization and
economic development by developing and nurturing partnerships with
investors and mission-focused organizations. We provide creative loans,
investments, and best-in-class services to partners. For more
information visit www.cinnaire.com.

About the Minnesota Equity Fund
MEF is a subsidiary of the
Greater Minnesota Housing Fund (GMHF), a non-profit Community
Development Financial Institution. GMHF provides loans, equity
investments, grants and technical assistance to create affordable
housing in Minnesota. MEF provides equity investments in Minnesota and
the Great Lakes region. MEF is a strategic partnership between GMHF and
Cinnaire.

About UnitedHealthcare
UnitedHealthcare is dedicated to
helping people live healthier lives and making the health system work
better for everyone by simplifying the health care experience, meeting
consumer health and wellness needs, and sustaining trusted relationships
with care providers. In the United States, UnitedHealthcare offers the
full spectrum of health benefit programs for individuals, employers, and
Medicare and Medicaid beneficiaries, and contracts directly with more
than 1.2 million physicians and care professionals, and 6,500 hospitals
and other care facilities nationwide. The company also provides health
benefits and delivers care to people through owned and operated health
care facilities in South America. UnitedHealthcare is one of the
businesses of UnitedHealth Group (NYSE:UNH), a diversified health care
company. For more information, visit UnitedHealthcare at www.uhc.com
or follow @UHC on Twitter.

Click
here to subscribe to Mobile Alerts for UnitedHealth Group.

View Comments and Join the Discussion!