A render shows the future Espero Austin at Rutland apartment complex, which will provide housing for people with developmental disabilities and others. (CVS Health)
CVS commits millions of dollars to housing people with developmental disabilities and other underserved groups.
The company recently announced that it will invest $ 11.6 million to develop an apartment complex that will provide 171 units for “those who are homeless or at risk of homelessness, people with physical, intellectual and disability. / or developmental, and young people aging out of foster care. “This decision is part of a commitment to” address racial inequalities and the social determinants of health in underserved communities, “CVS said.
The studio complex known as Espero Austin in Rutland will be located in Austin, TX and will include a fitness center, community hall, bicycle parking and other amenities. CVS said it was working with Austin’s Caritas, The Vecino Group and Austin Housing Finance Corporation to build the new homes. Funding also comes from the City of Austin and the Texas Department of Housing and Community Affairs.
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Residents of the apartment complex will receive free evidence-based support from social service professionals and peer support specialists. Services will include education, employment assistance, food, and help connecting with mental and physical health resources, CVS said.
“When people have access to affordable, high-quality housing, it puts them in a better position to take care of their health and manage chronic disease,” said David Casey, senior vice president and director of diversity at CVS Health. “As part of our commitment to tackle social justice and racial inequity, we are addressing the social determinants of health at the community level, where we can have a meaningful and lasting impact.
CVS is not the first company to financially support the development of housing for people with intellectual disabilities. Apple and Google have both invested money in similar projects in recent years.