CVS Health representatives will be joined by Governor Katie Hobbs, dignitaries, and the project developer La Frontera to announce the company’s equity investment in the development of West Point II Apartments, providing 85 new affordable housing units for persons 55 years and older, including units for individuals with disabilities.
The development, which recently started construction, will provide residents access to onsite wellness programming, as well as robust wrap-around services for those with disabilities, including mental health counseling and substance use disorder services.
Made possible through CVS Health’s collaboration with La Frontera and Red Stone Equity Partners, the company’s $22.6 million investment in West Point II Apartments will bring critically needed low-cost housing to the community and support the state of Arizona’s focus on reducing homelessness, highlighting the power of public and private partnerships. Additionally, CVS Health is providing La Frontera Center with a $100,000 grant to support the Center’s holistic suite of service delivery efforts and programs. These investments are among key initiatives ranging from retail to Aetna health insurance that exemplify CVS Health’s continuing commitment to the people of Arizona.
“Equitable access to affordable housing serves as one of the greatest barriers to improving health outcomes,” said Joel Helle, Specialty Physician Services, CVS Health. “By being part of the creation of West Point II Apartments, we’re providing older individuals and those with disabilities a safe, beautiful, and affordable home and the supportive services they need to comfortably age in place.”
