A new Milwaukee development will provide permanent housing for homeless military vets and adults.
The $12.2 million project called SEVEN04 PLACE will include 60 units, 46 of which will be affordable housing for individuals and working families. The other 14 will be set aside for veterans and homeless individuals. Construction began yesterday.
According to Ellen Sexton, CEO for UnitedHealthcare Community Plan of Wisconsin, this development goes “well beyond just a housing project.” It will include onsite support services and case management, all with a goal of improving the health and wellness of residents.
Over half of the funding for this project is coming from UnitedHealthcare, which is providing $6.3 million in equity through a Low-Income Housing Tax Credit.
This project is only the latest for UnitedHealthcare, which has partnered with Cinnaire and Minnesota Equity Fund to invest over $85 million to help build 13 new communities in Wisconsin and the Great Lakes Region. Construction has begun on another of these: The Flats at Grandview Commons in Madison.
Sexton says these investments are “a natural extension of what we do.”
UnitedHealthcare provides care for 1.6 million people in Wisconsin, with about 167,000 of those served through UnitedHealthcare Community Plan, the company’s Medicaid division.
“Housing and health care go hand in hand,” Sexton told WisBusiness.com, noting that most people worried about housing aren’t likely to take care of their own health.
See more at WisBusiness.com.