What's Hot

    383-Unit Multifamily Project Recommended by Goodyear P&Z

    August 22, 2025

    Aviation Training Center Planned for Mesa-Gateway Airport

    August 22, 2025

    Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

    August 22, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [August 22, 2025] - 383-Unit Multifamily Project Recommended by Goodyear P&Z
    • [August 22, 2025] - Aviation Training Center Planned for Mesa-Gateway Airport
    • [August 22, 2025] - Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades
    • [August 22, 2025] - Rezoning Recommended for 236KSF Mesa Industrial Plan
    • [August 22, 2025] - Arizona Projects 08-22-25
    • [August 20, 2025] - Old Town Scottsdale to See $40M in Improvements
    • [August 19, 2025] - Ariz. Construction Lost 400 Jobs in July
    • [August 19, 2025] - Astra Construction Delayed Due to Financing
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      383-Unit Multifamily Project Recommended by Goodyear P&Z

      August 22, 2025

      Aviation Training Center Planned for Mesa-Gateway Airport

      August 22, 2025

      Rezoning Recommended for 236KSF Mesa Industrial Plan

      August 22, 2025

      Astra Construction Delayed Due to Financing

      August 19, 2025

      Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

      August 22, 2025

      Old Town Scottsdale to See $40M in Improvements

      August 20, 2025

      Ariz. Construction Lost 400 Jobs in July

      August 19, 2025

      Experts Share on the Latest Industrial Trends at BEX Panel

      August 15, 2025

      Scottsdale Hospitals War May Heat Up with New Banner Request

      July 29, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      RTA Funding Proposal Stirs Controversy

      August 15, 2025

      Ariz. LIHTC to Sunset Under New Budget

      July 8, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      Commercial Real Estate 08-19-25

      August 19, 2025

      Commercial Real Estate 08-12-25

      August 12, 2025

      Commercial Real Estate 08-05-25

      August 5, 2025

      Commercial Real Estate 07-29-25

      July 29, 2025

      Industry Professionals 08-19-25

      August 19, 2025

      Industry Professionals 08-12-25

      August 12, 2025

      Industry Professionals 08-05-25

      August 5, 2025

      Industry Professionals 07-29-25

      July 29, 2025

      Arizona Projects 08-22-25

      August 22, 2025

      Arizona Projects 08-15-25

      August 15, 2025

      Arizona Projects 08-08-25

      August 8, 2025

      Arizona Projects 08-01-25

      August 1, 2025

      Tucson City Council Likely to Approve Water Restriction on Large

      August 19, 2025

      Ritz-Carlton Paradise Valley Fight Could End in Foreclosure

      August 15, 2025

      Ariz. Supreme Court Upholds Citizens’ Right to Halt Local Projects

      August 8, 2025

      Proposed Legislation Aims to Increase Housing Supply

      August 5, 2025

      Ariz. Construction Lost 400 Jobs in July

      August 19, 2025

      Experts Share on the Latest Industrial Trends at BEX Panel

      August 15, 2025

      Multifamily Developer Confidence Up in Q2

      August 12, 2025

      Ariz. Construction Gained 600 Jobs in June

      July 22, 2025

      383-Unit Multifamily Project Recommended by Goodyear P&Z

      August 22, 2025

      Aviation Training Center Planned for Mesa-Gateway Airport

      August 22, 2025

      Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

      August 22, 2025

      Rezoning Recommended for 236KSF Mesa Industrial Plan

      August 22, 2025
    • AZBEX
      • Subscribe
      • Classifieds
      • Advertising
    • DATABEX
      • DATABEX Log-In
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Hospitality LMS
      • 2025 Public Works Conference
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    • CIP Special Report
    AZBEX
    Home » Economic Development » Healthcare Providers to Fund Affordable Housing
    Economic Development

    Healthcare Providers to Fund Affordable Housing

    BEX StaffBy BEX StaffAugust 14, 20201 Comment2 Mins Read
    Credit: Home Matters to Arizona
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Angela Gonzales for Phoenix Business Journal 
    In an effort to bring more affordable housing units to Arizona, a group of health care CEOs have gotten together to create a $100M fund to help finance these construction projects. 
    So far, Aetna, Dignity Health and UnitedHealthcare have committed $35M in below-market debt that can be used by this fund to support projects to increase the number of affordable housing units, said Joe Gaudio, CEO of the west region for United Healthcare Community & State. 
    Another $2M in charitable grant funding has been earmarked by several other health care providers, including Arizona Complete Health, Banner-University Health Plan, Care1st Health Plan Arizona, Health Choice Arizona, Magellan Complete Care of Arizona, Mercy Care, the NARBHA Institute and UnitedHealthcare. 
    But it’s not just affordable housing these CEOs are thinking about. 
    The goal is to address social determinants of health to create supportive ecosystems for people where they live, learn, shop and work, Gaudio said. 
    For developers to qualify for this funding, their projects need to address these social determinants of health, such as where they live, their level of education and the type of job they hold that shape their health condition. 
    Projects that qualify for this funding might develop a common space that could be used for a mobile food pantry or dental clinic or a place to invite organizations that assist in job training and placement, Gaudio said. 
    Projects near a bus rail or light rail line that would address transportation challenges also will be considered for funding. 
    A project could allow for retail space on the bottom floor to rent at affordable rates to a minority-owned mom and pop business, he said. 
    Across Arizona, rental homes available to extremely low-income households are in short supply, according to Home Matters to Arizona. 
    More than 134,758 units are needed in Arizona today, said Dave Brown, advisory council member for Home Matters to Arizona. 
    Read more at Phoenix Business Journal. 

    Aetna affordable housing Arizona Complete Health Banner-University Health Plan Care1st Health Plan Arizona Dave Brown Dignity Health Health Choice Arizona Home Matters to Arizona Joe Gaudio Magellan Complete Care of Arizona Mercy Care the NARBHA Institute United Healthcare Community & State UnitedHealthcare
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Sedona Parish Plans Major Expansion with New Facilities and Affordable Housing

    August 12, 2025

    Proposed Legislation Aims to Increase Housing Supply

    August 5, 2025

    Mohave County May Remove Data Centers as Economic Development Goal

    July 23, 2025

    1 Comment

    1. e hartmann on December 9, 2020 4:23 am

      what is afforable…if single person working for $7 or $8 an .hour and the lowest rent is $900 plus utilities
      stop letting investors from other states come here and buy and then what large rents for profit. how about rent control like in around world war 2 use to have.

      Log in to Reply

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    383-Unit Multifamily Project Recommended by Goodyear P&Z

    August 22, 2025

    Aviation Training Center Planned for Mesa-Gateway Airport

    August 22, 2025

    Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

    August 22, 2025

    Rezoning Recommended for 236KSF Mesa Industrial Plan

    August 22, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    383-Unit Multifamily Project Recommended by Goodyear P&Z

    August 22, 20250

    By Roland Murphy for AZBEX The Goodyear Planning and Zoning Commission voted last week to…

    Aviation Training Center Planned for Mesa-Gateway Airport

    August 22, 2025

    Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

    August 22, 2025

    Rezoning Recommended for 236KSF Mesa Industrial Plan

    August 22, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    383-Unit Multifamily Project Recommended by Goodyear P&Z

    August 22, 2025

    Aviation Training Center Planned for Mesa-Gateway Airport

    August 22, 2025

    Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

    August 22, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.