CVS Health to Invest in Affordable Housing and Expand No-Cost Preventive Health Screenings in Orlando

Rhea-AI Summary

CVS Health (NYSE: CVS) is investing $8.7 million in constructing a 116-unit affordable housing complex in Orlando, Florida, part of its commitment of nearly $600 million over five years to address racial inequity. The project, located in the Mercy Drive neighborhood, will provide supportive services for residents, including those experiencing homelessness. Additionally, CVS plans to expand its no-cost preventive health screening program, Project Health, to Orlando in 2021, offering free biometric screenings to identify chronic conditions in underserved communities.

Positive

• Investment of $8.7 million in affordable housing enhances community well-being.
• Commitment of nearly $600 million to address racial inequity strengthens corporate social responsibility.
• Expansion of no-cost preventive health screenings aids in early detection of chronic diseases.

Negative

• None.

WOONSOCKET, R.I., Nov. 10, 2020 /PRNewswire/ -- CVS Health (NYSE: CVS) today announced it will invest in 116 units of affordable housing and expand its no-cost preventive health screening program to Orlando as part of the company's commitment of nearly $600 million over five years to address racial inequity and social determinants of health in Black communities. 

"Increasing access to housing and services like preventive screenings put people in a better position to take care of their health or manage chronic disease," said David Casey, Chief Diversity Officer, CVS Health. "As part of our commitment to address social justice and racial inequity, we're addressing social determinants of health – like housing and access to health care – at the community level, which is where we can make a meaningful and lasting impact."

CVS Health will invest $8.7 million to help build a new 116-unit affordable housing complex in the Mercy Drive neighborhood of Orlando, Florida. The Fairlawn Village development is part of the City of Orlando's Mercy Drive Vision Plan.  Data compiled as part of that plan indicate approximately 83% of Mercy Road area residents identify as African American.  Additionally, almost half of the area's households are below the poverty income threshold, with a median household income of $17,846.  About 55% of area households pay greater than 30% of their income on housing.

The development will include three buildings, a community center, playgrounds, on-site laundry facilities and onsite management offices.  All residents will have access to on-site supportive services including adult literacy, employment assistance and financial management programs.  Of the 116 units, 20 will be designated as permanent supportive housing with casework services for people experiencing homelessness, survivors of domestic violence, people with a disability or youth aging out of foster care.  Local nonprofit Community Assisted and Supported Living, Inc., or CASL, will provide support to formerly homeless residents who move in to the supportive housing units. 

"The City of Orlando is committed to ensuring that every person who lives in Orlando feels equally valued and has equal access to opportunity and this includes having equal access to safe, high quality housing they can afford," said Orlando Mayor Buddy Dyer. "As part of the Mercy Drive Vision Plan, residents envisioned new housing to complement the existing neighborhood. We're grateful to the incredible partnership with Blue Sky Communities and the investment of CVS Health in the 116-unit Fairlawn Village which will be a thriving new community for our residents to call home."

Additionally, the company plans a 2021 expansion to Orlando of its no-cost preventive screening program, Project Health.  This program offers free biometric screenings at CVS Pharmacy locations to help identify chronic conditions before they become life-threatening illnesses.  Worth over $100 in value, screenings measure body mass index, blood pressure, glucose and total cholesterol.  The screenings can detect early risks for chronic conditions like diabetes, hypertension, and heart disease. 

"As we expand Project Health to Orlando in 2021, we anticipate being able to reach thousands of people locally and provide hundreds of thousands of dollars in free medical services in the first year alone," said Eileen Howard Boone, SVP of Corporate Social Responsibility and Philanthropy, CVS Health.

Following the screening, event participants receive an individual health access plan with suggestions related to clinical targets for screening measures as well as nutrition and fitness.  Participants will have the opportunity to consult with CVS pharmacists and MinuteClinic nurse practitioners who can help explain the risks of certain measures from each screening, how to take the appropriate next steps with a provider.  These clinicians can also provide smoking cessation counseling and diabetes resources, if appropriate. 

The company will hold the Project Health events at select CVS Pharmacy locations in areas of greater Orlando with higher populations of uninsured and underinsured people, including locations nearby the Mercy Drive neighborhood. 

As it works to address social determinants of health in the Orlando area, the company is also exploring opportunities to expand its national workforce initiatives program in greater Orlando to provide employment services and training to the community, focused on empowerment and building local relationships that will help community members achieve meaningful employment opportunities.

About CVS Health

CVS Health employees are united around a common goal of becoming the most consumer-centric health company. We're evolving based on changing consumer needs and meeting people where they are, whether that's in the community at one of our nearly 10,000 local touchpoints, in the home, or in the palm of their hand. Our newest offerings – from HealthHUB® locations that are redefining what a pharmacy can be, to innovative programs that help manage chronic conditions – are designed to create a higher-quality, simpler and more affordable experience. Learn more about how we're transforming health at www.cvshealth.com.

 

Media Contact:
Courtney Tavener
(401) 712-3698
Courtney.Tavener@CVSHealth.com

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SOURCE CVS Health

FAQ

What is CVS's investment in affordable housing in Orlando?

CVS is investing $8.7 million in a 116-unit affordable housing complex in Orlando.

How much is CVS investing over five years to address racial inequity?

CVS has committed nearly $600 million over five years to address racial inequity.

What is Project Health and its expansion in Orlando?

Project Health is CVS's no-cost preventive health screening program, which will expand to Orlando in 2021.

What support will residents receive in the new affordable housing complex?

Residents will have access to on-site supportive services including adult literacy, employment assistance, and financial management programs.

What chronic conditions can CVS's screenings help detect?

CVS's screenings can help detect diabetes, hypertension, heart disease, and other chronic conditions.