CVS Health® (NYSE: CVS) announced it will invest $11.6 million with Boston Financial Investment Management to provide 171 units of much-needed permanent supportive housing in Austin, Texas. This investment is part of CVS Health’s commitment to address racial inequity and social determinants of health in underserved communities.
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Texans are getting some mightily mixed messages these days. From our governor, who is running for reelection, we have assurances that all is well. “I can guarantee the lights will stay on” in Texas this winter, Gov. Greg Abbott told the NBC affiliate in El Paso last weekend.
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Austin officials and community members gathered on Rutland Drive on Aug. 9 to highlight the groundbreaking of Espero Rutland, a permanent supportive housing complex for people experiencing homelessness expected to open late next year.
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At next week’s meeting, City Council, acting as the board of directors of the Austin Housing Finance Corporation, is expected to approve funding for a 171-unit supportive housing development at 1934 Rutland Drive.
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Local nonprofit group Caritas of Austin is working alongside Missouri-based development firm Vecino Group to redevelop a 2-acre property at 1934 Rutland Drive into 171 studio units.
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