Datapoint: Centene Pledges Nearly $1B for Affordable Housing

Centene Corp. this week said it is pledging $900 million on a multiyear partnership with housing developer McCormack Baron Salazar to build affordable housing communities in eight states. Housing stability can have a big impact on health outcomes, prompting Centene, which largely serves low-income beneficiaries, to take action.  ”This innovative partnership promises to accelerate the development of high-quality, affordable housing by providing early-stage funding at rates not available on the open market,” Centene CEO Sarah London said in a statement. “Centene and our local health plans will also have the opportunity to participate in community engagement to help ensure that new housing and onsite services have the greatest possible impact on the health of local residents, many of whom Centene serves.” Centene is the largest managed Medicaid and CHIP insurer in the U.S., serving 10,676,348 members as of May 2024.

Source: AIS’s Directory of Health Plans

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