CVS Health Affordable Housing Investments in California Surpass $200 Million
Promoting community health in underserved communities is a focus of the company s investment strategy
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WOONSOCKET, R.I., April 6, 2021 /PRNewswire/ CVS Health (NYSE: CVS) has surpassed $200 million in affordable housing investments in California as part of an ongoing commitment to address housing insecurity throughout the country. Over the past years, the company and its subsidiaries have invested in over 130 affordable housing communities across California, facilitating the construction or rehabilitation of more than 12,500 affordable homes.
This milestone was achieved with CVS Health s recent closing of a $12.1 million investment to help finance LINC Housing s new development in Los Angeles County s Avocado Heights. Equa (named for LINC Housing s dedication to equality, as well as the neighborhood s equestrian history) will provide 80 homes