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CVS Health to Invest $8 Million in Affordable Housing in Tampa
Woonsocket, RI-based CVS Health will invest $7.7 million with Raymond James Tax Credits Funds to build a 61-unit multifamily in Tampa. The investment is part of the company’s commitment to address racial inequity and social determinants of health in underserved communities.
“When people have access to high-quality, affordable housing, it puts them in a better position to take care of their health and manage chronic disease,” said David Casey, SVP and chief diversity officer, CVS Health.
The new development, Uptown Sky, will be located on 12th Street. Data compiled from the Census indicates that approximately 75% of area residents identify as Black or Latino, and 60% live below the poverty line. Uptown Sky will provide two and three-bedroom housing units at a reduced rent to families with demonstrated need.
CVS Health is working with co-developers Blue Sky Communities and University Area Community Development Corporation to develop Uptown Sky and on-site supportive services for residents.
- ◦Development
