{"id":46066,"date":"2022-07-12T14:01:31","date_gmt":"2022-07-12T12:01:31","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/unitedhealth-group-commits-25-million-to-new-england-healthy-neighborhoods-fund\/"},"modified":"2022-07-12T14:01:31","modified_gmt":"2022-07-12T12:01:31","slug":"unitedhealth-group-commits-25-million-to-new-england-healthy-neighborhoods-fund","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/unitedhealth-group-commits-25-million-to-new-england-healthy-neighborhoods-fund\/","title":{"rendered":"UnitedHealth Group Commits $25 Million to New England Healthy Neighborhoods Fund"},"content":{"rendered":"
\n

\nFund brings sustainable, mixed-use developments to New England communities<\/i>\n<\/p>\n

BOSTON–(BUSINESS WIRE)–UnitedHealth Group (NYSE: UNH) today announced a $25 million commitment to the Healthy Neighborhoods Equity Fund II (HNEF II). The fund, launched by Conservation Law Foundation<\/a> (CLF) and Massachusetts Housing Investment Corporation<\/a> (MHIC), was created to finance inclusive mixed-use developments near public transportation that offer retail, housing and social services to support healthier communities.\n<\/p>\n

\nAs part of this commitment, three HNEF II transactions closed for developments in Brockton<\/a>, Dorchester<\/a>, and Hamilton<\/a>, Mass. The HNEF II equity in these properties will help create 102 mixed-income homes, 24% affordable at 80% of Area Median Income (AMI) or below, and 25% deed restricted between 80% and 100% AMI. Each development includes neighborhood-serving ground floor retail space. The fund is expected to finance over 1,000 homes in total.\n<\/p>\n

\n\u201cWe\u2019re honored to partner with Conservation Law Foundation and Massachusetts Housing Investment Corporation in this mission to bring additional affordable housing to New England communities,\u201d said Andy McMahon, vice president, community engagement and investment at UnitedHealthcare Community & State, a UnitedHealth Group business. \u201cUnitedHealth Group recognizes that access to affordable housing improves community health outcomes and helps people live healthier lives. Partnerships like this one are crucial to our work to improve overall health outcomes in the communities we serve by addressing the most basic needs of individuals first.\u201d\n<\/p>\n

\n\u201cWe are grateful for UnitedHealth Group\u2019s support of the Healthy Neighborhoods Equity Fund II, which finances developments that strengthen community and environmental health,\u201d said Joe Flatley, MHIC\u2019s president and CEO. \u201cThe fund is key to neighborhood revitalization, investing in properties that are close to transportation and provide access to employment but are also walkable and near open space.\u201d\n<\/p>\n

\nHNEF II invests in mixed-income, mixed-use real estate developments near public transit in Connecticut, Massachusetts, and Rhode Island. It pairs lower-cost equity and longer investment periods with rigorous screening for community, health and environmental benefits using CLF\u2019s HealthScore<\/a> tool.\n<\/p>\n

\n\u201cFor too long, low-income communities have been excluded from investments in healthy and sustainable housing and small businesses,\u201d said Gina Foote, director of Impact Investment at Conservation Law Foundation. \u201cWith help from UnitedHealth Group and the Healthy Neighborhoods Equity Fund, that\u2019s finally beginning to change. This investment will lead to more vibrant and inclusive neighborhoods across southern New England.\u201d\n<\/p>\n

\nIncreasing access to affordable housing is one part of UnitedHealth Group\u2019s multi-pronged commitment to redefine healthy living for underserved individuals and promote positive health outcomes. The company has made more than $630 million in affordable housing investments, with a commitment to reach $800 million by the end of 2022. These investments also include wraparound health services to address community needs and reduce gaps in care.\n<\/p>\n

\nFor more information on HNEF II and additional examples of developments, visit www.hnefund.org<\/a>.\n<\/p>\n

\nAbout UnitedHealth Group<\/span><\/b>\n<\/p>\n

\nUnitedHealth Group (NYSE: UNH) is a health care and well-being company with a mission to help people live healthier lives and help make the health system work better for everyone through two distinct and complementary businesses. Optum delivers care aided by technology and data, empowering people, partners and providers with the guidance and tools they need to achieve better health. UnitedHealthcare offers a full range of health benefits, enabling affordable coverage, simplifying the health care experience and delivering access to high-quality care. Visit UnitedHealth Group at www.unitedhealthgroup.com<\/a> and follow @UnitedHealthGrp on Twitter<\/a>.\n<\/p>\n

Contacts<\/b> <\/p>\n

\nUnitedHealthcare Media Contact:<\/b>
Christina Witz
\n
(952) 931-4645
\n
christina.witz@uhc.com<\/a>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Fund brings sustainable, mixed-use developments to New England communities BOSTON–(BUSINESS WIRE)–UnitedHealth Group (NYSE: UNH) today announced a $25 million commitment to the Healthy Neighborhoods Equity Fund II (HNEF II). 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