UnitedHealth Group Inc. said Thursday that it is putting $50 million into a fund to construct hundreds of low-income housing units in Minnesota and the Upper Midwest.
While the investment brings financial benefits, officials at the nation’s largest insurance company said it also aligns with a corporate belief that stable housing is a key component of better health.
“It’s a way to build healthier communities and healthier lives,” UnitedHealth spokeswoman Lynne High said. “It fits with our mission perfectly.”
The insurance giant is working with the Greater Minnesota Housing Fund, a 17-year-old nonprofit that recently created a new program to attract “socially motivated” Minnesota companies as investors.