Article Highlights:

  • In pursuit of health equity, CVS Health is addressing one of the most significant social determinants of health, housing insecurity, through affordable housing investments that focus on communities of color. In 2020, CVS Health invested over $114 million in affordable housing, which will result in the construction and rehabilitation of over 2,800 affordable housing units across the country.
  • CVS Health worked alongside community organizations to provide 460 permanent supportive housing (PSH) units to people facing significant challenges, such as homelessness, chronic illness, domestic violence, addiction, and behavioral health conditions. In addition to affordable housing, PSH residents will have access to social, behavioral health, and addiction recovery services. CVS Health invested $4.3 million in a 24-unit PSH project for residents of Wasilla, AK. This development is designed to meet the needs of Alaskans who face access barriers to mainstream housing. Additionally, 560 of the 2,800 affordable housing units will be dedicated to housing seniors, and over 100 will be reserved specifically for veterans and their families.

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