LOUISVILLE, KENTUCKY, USA - MAY 22, 2016 - Human Waterside Building. Louisville based Humana Health Care is the fifth largest health care company in the US.; Shutterstock ID 425979430; purchase_order: humana-press-release

Humana Pledges $25-Million Investment Toward Affordable Housing as Part of Its ‘Bold Goal’ Social Health Initiative

Originally published at press.humana.com. Humana ranked No. 13 on The DiversityInc Top 50 Companies for Diversity list in 2021.

 

On Sept. 9, as part of its population health strategy to improve the health of its members and communities, Humana Inc. announced a $25-million investment to increase the supply of affordable housing in the states of Florida, Georgia, Illinois, Kentucky, Louisiana, Ohio, Oklahoma and Texas. Humana considers housing stability to be a key social determinant of health and one of the issues the company is addressing through its Bold Goal social health initiative.

“Housing insecurity can disproportionally affect Medicaid-eligible patients and lead to inadequate health outcomes,” said John Barger, Humana Medicaid President. “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. Through a three-part approach, inclusive of interventions and investments, we aim to reduce health care costs and improve outcomes for some of our most vulnerable members and communities. This latest investment expands upon our housing strategy and will undoubtedly help many struggling to find affordable housing.”

Humana’s national housing strategy is focused on three key areas – Housing Stability and Homelessness Prevention, Stabilizing Individuals with Significant Health Risks with Incremental Clinical Support, and Strategic Investments to Increase Community Capacity. Recent examples of Humana’s housing programs include a partnership with legal services organizations in Louisiana to provide tenancy support and eviction diversion for Medicaid recipients, and a partnership with Volunteers of America in Kentucky to provide recovery beds for mothers overcoming substance use disorders. This newest investment will help address the short supply of low-cost rental units, creating affordable housing capacity in many of the communities that Humana serves.

Humana’s $25 million investment will be deployed through three syndicated funds that have been established to increase affordable housing capacity through the use of low-income housing tax credits (LIHTC). The three syndicators, CREA LLC, PNC Real Estate and Raymond James work with developers to identify potential affordable housing properties for either rehabilitation or new construction in numerous cities across the country.

“To achieve true health equity, we need to address the underlying factors that may prevent people in underserved communities from reaching their best health,” said Dr. Nwando Olayiwola, Chief Health Equity Officer at Humana. “Humana is committed to addressing structural and root cause barriers to good health outside of the clinical setting, such as access to healthy food, transportation, social connections and stable housing, to help eliminate unjust differences in health.”

Latest News

KPMG on the Net-Zero Readiness of the United States

Originally published at info.kpmg.us. KPMG ranked No. 16 on The DiversityInc Top 50 Companies for Diversity list in 2021.   From board rooms to the halls of country capitals, leaders across the public and private sectors are increasingly deploying strategies to address climate change and drive towards a future net-zero…

Georgia Power

Georgia Power Partners With Nonprofit ‘Voices for Georgia’ To Promote Literacy for Pre-K Students

Originally published at southerncompany.com. Southern Company ranked No. 20 on The DiversityInc Top 50 Companies for Diversity list in 2021.   Georgia Power has partnered with the nonprofit organization Voices for Georgia’s Children for the eighth consecutive year to celebrate Pre-K Week across the state. Like 2020, this year will be…

Southern Company Publishes Its 2019–2020 Corporate Responsibility Report

Originally published at southerncompany.com. Southern Company ranked No. 20 on The DiversityInc Top 50 Companies for Diversity list in 2021.   On Sept. 27, Southern Company released its 2019/2020 Corporate Responsibility Executive Summary, highlighting key areas of interest to help stakeholders access environmental, social and governance (ESG) disclosures and other…

Wells Fargo Appoints Vanessa Rodriguez To Lead Community Lending and Investment Within the Corporate and Investment Bank

Originally published at newsroom.wf.com. Wells Fargo ranked No. 25 on The DiversityInc Top 50 Companies for Diversity list in 2021.   On Oct. 15, Wells Fargo & Company’s (NYSE: WFC) Corporate & Investment Bank (CIB) announced that it has appointed Vanessa Rodriguez to lead Community Lending and Investment (CLI) within…