WOONSOCKET, RI, March 29, 2022 /PRNewswire/ — CVS Health and Fresno Housing have collaborated to build new affordable housing in Fresno, California. Through Red Stone Equity Partners, CVS Health will invest approximately $18.4 million in the Arthur @ Blackstone, a new Fresno Housing development slated to break ground this spring.
Twenty of the Arthur @ Blackstone units will be reserved for tenants with special needs, particularly transition-aged youth considered chronically homeless, homeless or at risk of becoming chronically homeless. This includes young people coming out of the foster care system, coming out of institutions, and young people with a history of involvement with the justice system. The remaining units will target low-income families.
In addition, residents will benefit from comprehensive case management and comprehensive support services coordinated by the Fresno County Department of Behavioral Health and various contracted service providers.
The Arthur @ Blackstone is part of CVS Health’s commitment to addressing housing insecurity in the Fresno community and is one of three housing investments CVS Health has made with Fresno Housing over the past three years. Through investment funds sponsored by Red Stone Equity Partners, in 2019 CVS Health achieved a $4.6 million investment in Villages at Paragon and in 2020 announced that it was investing $2.1 million in the Villages on Broadway.
“To have a meaningful impact, we must tackle the social determinants of health at the local level and be intentional in our approach,” said Jeff Hermosillo, President of California Market, Aetna, a CVS Health Company. “We are committed to investing in the Fresno community and meet the needs of individuals and families by providing them with resources that allow them to have an equal chance of being healthy.
This investment will continue to deepen the successful collaboration between Fresno Housing and CVS Heath to reduce health disparities and advance health equity through quality, affordable housing. The Arthur @ Blackstone will consist of 41 housing units near Manchester Center in Fresno and will include a space where support services aimed at improving resident health outcomes will be provided.
“We know that when families have access to affordable housing, they are better able to improve their physical, mental and emotional health. That’s why our partnership with CVS Health is exciting and innovative for the families we serve. serve in our community. We are honored to be selected again by CVS Health to continue our mission of providing affordable, healthy housing everywhere. Fresno County,” noted Tyrone Roderick WilliamsPresident and CEO, Fresno Housing.
Fresno Housing has been integrating the worlds of health and housing for 20 years, providing affordable housing and support services to more than 4,000 families in Fresno County.
Through CVS Health’s new Health Zones initiative, Fresno Housing and other local partners, including the Fresno Economic Opportunities Commission, Clinica Sierra Vista and Central California Food Bank, are helping to improve health outcomes and create healthier communities in Fresno by addressing the social determinants of health, including housing, education, access to food, work, transportation and access to health care.
As part of CVS Health’s overall commitment to advancing health equity in America, it has invested $185 million in affordable housing nationwide in 2021 and $1.3 billion over the past 20 years, including $37.2 million in affordable housing Fresno. Through these investments, CVS Health has been able to provide underserved communities with quality housing based on the unique needs of the population.
About CVS Health
CVS Health is the leading healthcare solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and approximately 300,000 dedicated colleagues, including more than 40,000 physicians, pharmacists, nurse practitioners. Where and when people need us, we help them with their health – whether it’s managing chronic conditions, sticking to their medications, or accessing affordable health and wellness services from most convenient way. We help people navigate the healthcare system – and their personal healthcare – by improving access, reducing costs, and being a trusted partner for every meaningful health moment. And we do it with heart, every day. To learn more, visit www.cvshealth.com.
Brandi Borboa Johnson
SOURCE CVS Health