A rendered graphic of The Arthur @ Blackstone affordable housing complex in Fresno, California.
https://www.cvshealth.com/news-and-insights/press-releases/cvs-health-and-fresno-housing-collaborate-to-address-affordable
WOONSOCKET, R.I. — CVS Health and Fresno Housing have collaborated to build new affordable housing in Fresno, California. Through Red Stone Equity Partners, CVS Health will invest an estimated $18.4 million into the Arthur @ Blackstone, a new Fresno Housing development planning to break ground this spring.
Twenty of the units at the Arthur @ Blackstone will be reserved for special needs tenants, specifically transition age youth considered to be chronically homeless, homeless, or at-risk of becoming chronically homeless. This includes youth who are aging out of the foster care system, transitioning from institutions, and youth with a history of involvement in the justice system. The remaining units will target low-income families.
In addition, residents will benefit from comprehensive case management and full wrap around supportive 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 insecurities 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 made a $4.6 million investment in Villages at Paragon and in 2020, announced it was investing $2.1 million in the Villages at Broadway.
“To make a meaningful impact, we need to address social determinants of health at the local level and be intentional with our approach,” said Jeff Hermosillo, California Market President, Aetna, a CVS Health company. “We’re committed to investing in the Fresno community and meeting the needs of individuals and families by providing them with resources that enable equal opportunity for achieving good health.”
This investment will continue to deepen the successful collaboration between Fresno Housing and CVS Health 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 supportive services will be provided that aim to improve health outcomes for the residents.
“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 in our community. We are honored to be selected by CVS Health again to further our mission to provide affordable, healthy housing throughout Fresno County,” said Tyrone Roderick Williams, Chief Executive Officer, Fresno Housing.
Fresno Housing has been integrating the worlds of health and housing for the past 20 years by providing affordable housing and supportive services for over 4,000 families in Fresno County.
The investment in Arthur @ Blackstone builds on CVS Health’s commitment to the Fresno community. Earlier this year, CVS Health introduced its new Health Zones initiative to Fresno. The initiative provides concentrated local investments to reduce health disparities and advance health equity in underserved communities across the country. In Fresno, CVS Health is working with Fresno Economic Opportunities Commission, Clinica Sierra Vista, and the Central California Food Bank, to help improve health outcomes and build healthier communities in Fresno by addressing social determinants of health, including housing, education, access to food, labor, transportation, and health care access.
As part of CVS Health’s overall commitment to advance health equity in America, it 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 in Fresno. Through these investments, CVS Health has been able to provide underserved communities with quality housing based on the unique needs of the population.
As part of CVS Health’s overall commitment to advance health equity in America, it 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 in 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 health 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, nurses, and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that’s managing chronic diseases, staying compliant with their medications, or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Learn more at www.cvshealth.com.
Media contacts
Monica Prinzing
831-241-8294
PrinzingM@cvshealth.com
Brandi Borboa Johnson
559-908-7269
bjohnson@fresnohousing.org
Tuesday, March 29, 2022
Recent CVS News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 08:19:18 PM
- CVS Health survey shows mental health concerns continue to rise • PR Newswire (US) • 05/09/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 08:40:04 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 05/08/2024 08:34:36 PM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 05/07/2024 08:47:57 PM
- CVS Health to present at the Bank of America 2024 Healthcare Conference • PR Newswire (US) • 05/07/2024 08:00:00 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 05/07/2024 12:31:39 PM
- Perficient Stock Soars 52.9% Post-Acquisition; Luminar Declines 10% Amid Workforce Cutbacks, and Other News • IH Market News • 05/06/2024 12:09:00 PM
- CVS Health, Starbucks, Shares Weaker; Pinterest Soars • IH Market News • 05/01/2024 01:12:05 PM
- CVS HEALTH CORPORATION REPORTS FIRST QUARTER 2024 RESULTS AND REVISES FULL-YEAR 2024 GUIDANCE • PR Newswire (US) • 05/01/2024 10:30:00 AM
- Philips Stocks Soar 47% Following US Deal, Tesla Bolsters Presence in China, and More News • IH Market News • 04/29/2024 11:11:24 AM
- CVS Health opens new workforce development and community resource center in Baton Rouge • PR Newswire (US) • 04/25/2024 01:00:00 PM
- CVS Health invests $19.2 million in affordable housing in Arvada, Colorado • PR Newswire (US) • 04/24/2024 01:00:00 PM
- Baum Family Investments Embarks on Triple Net Lease Strategy with $250 Million Acquisition Goal • PR Newswire (US) • 04/23/2024 08:10:00 PM
- Aetna Better Health of Michigan recommended for CHCP contract • PR Newswire (US) • 04/09/2024 04:00:00 PM
- CVS Health® expands pharmacy tuition assistance and scholarship programs • PR Newswire (US) • 04/03/2024 12:00:00 PM
- CVS Health to hold first quarter 2024 earnings conference call • PR Newswire (US) • 04/01/2024 01:00:00 PM
- CVS Health® invests more than $3M in organizations improving health outcomes in Phoenix • PR Newswire (US) • 03/27/2024 06:00:00 PM
- CVS Health announces quarterly dividend • PR Newswire (US) • 03/21/2024 02:55:00 PM
- AM Best Affirms Credit Ratings of Most of CVS Health Corporation’s Aetna Inc. Subsidiaries; Withdraws Credit Ratings of Members of Texas Health Aetna • Business Wire • 03/13/2024 09:03:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 11:09:28 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 10:21:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 10:20:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 10:18:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 09:37:48 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM