Prognosis
UnitedHealth Invests $100 Million in Affordable Homes
- Money will go to nonprofit partners building 1,000 new homes
- Insurer has made housing part of its strategy for Medicaid
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UnitedHealth Group Inc. is investing $100 million in affordable housing, bringing the health-care giant’s total funding for the cause to $500 million since 2011, the company said.
The money will go to nonprofit partners building more than 1,000 new homes for low-income renters over the next two years, with initial construction in the District of Columbia, Texas, and Oklahoma, the company said. The first units are expected to be ready in about six months.