Humana is ponying up $25 million to increase the supply of affordable housing in eight states. The investment is part of the health and well-being company’s Bold Goal initiative that addresses social determinants of health.
“Housing insecurity can disproportionally affect Medicaid-eligible patients and lead to inadequate health outcomes,”John Barger, Humana Medicaid president, said. “To achieve their best health, people need access to stable, safe and affordable places to live. Humana’s national housing strategy is one way we are helping our communities address their housing needs.”
The Louisville, KY-based company will focus on three key areas: housing stability and homelessness prevention, stabilizing people with significant health risks with incremental support and strategic investments to increase community capacity. The target states include Illinois, Georgia, Florida, Kentucky, Louisiana, Ohio, Texas and Oklahoma.
The $25 million will be deployed through three syndicated funds established to create affordable housing through the use of low income housing tax credits.
Humana’s Bold Goal initiative addresses barriers to good health such as healthy food, transportation, social connections and housing.