Fierce Healthcare May 23, 2024
Centene’s philanthropic arm is joining forces with McCormack Baron Salazar to develop new affordable housing options in multiple states.
The multiyear partnership will back the construction of new communites in eight states, according to an announcement from the insurer. The Centene Foundation will provide loans at below-market rates to back the design and planning work at MBS and expects these loans to enable about $900 million in “direct construction-related activity,” including the construction of thousands of units.
Further financial details of the partnership were not disclosed.
Centene said this investment seeks to directly address housing insecurity, a key social factor impacting health that affects many vulnerable members the insurer reaches.
“Centene is excited about the partnership with MBS—an organization that...
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