CVS Health has announced a $10.5 million investment to build 50 supportive housing units for young adults in Cleveland as part of the company’s commitment to advance health equity by addressing social determinants of health at the local level.

The three-story development—to be built in collaboration with Cleveland-based nonprofits CHN Housing Partners and Emerald Development and Economic Network—will provide at-risk young adults with fully furnished one- and two-bedroom apartments. In addition, the development will offer on-site supportive services, a community room with a learning kitchen, laundry facilities, parking, and a basketball court. Since 2020, CVS Health has invested more than $65 million in affordable housing in Ohio, creating or preserving more than 1,750 housing units for local individuals and families with the greatest need.

“When young people have stable housing, it puts them in a better position to take care of their health and well-being,” said Tracey Izzard, CEO of Aetna Better Health of Ohio, a CVS Health company. “Through our investment in Cleveland, we’re addressing social determinants of health and providing these young adults with the resources they need to succeed in life.”

(Photo credit: CVS Health)