Blackstone is Not The Only Corporation Involved in Housing-UnitedHealth Group New Mexico Investment Wants A Rent Check –Su
Posted Jun 25 2013 5:46pm
I wrote about this a couple years ago when the project was announced and as you can read from the article they have a partner named Enterprise Community Investment and the two worked together on this to build and provide medium to to income housing, rentals. We see Blackstone in a much bigger way buying up vacant homes in Arizona and Nevada. Housing market is not back for the middle class, it’s the investors with cash. So when you end up filing bankruptcy as your health insurance doesn't cover what you need, well United Health Group wants to be there to help collect some rent after you lose your home. I don’t know if this is an ALEC deal or not but United is listed as a big player in the group.
“OptumHealth Bank, Member FDIC, is dedicated to health care banking. It is a leading administrator of health savings accounts (HSAs) for individuals and families, with more than 500,000 accounts. OptumHealth Bank also offers credit programs to individual account holders to help them pay for out-of-pocket medical expenses.
Hmmmm…$22 million could pay a ton of medical claims. No word yet on whether or not United will be participating in the New Mexico health insurance exchange as they are one of the states who opted to build their own but so far in what I have covered on the web, I have not seen them listed yet but there’s more information to come. Here’s another related insurance story that has links to SEC subsidiary listings…it’s a big of a daisy chain as United has subsidiaries of subsidiaries so I don’t know if all there there entirely.
Community leaders and project partners are celebrating the official grand opening of two rental housing developments in Santa Fe and Las Cruces this week.
The new residential communities, along with an additional housing development in Deming, were made possible by a $22 million investment by UnitedHealth Group ( UNH ) through a partnership with Enterprise Community Investment, Inc. (Enterprise). The collaboration brought together one of the nation’s top health and well-being companies and one of the nation’s leading advocates for affordable housing to provide critical equity to build the developments through Low Income Housing Tax Credits (LIHTC).
The three New Mexico projects – Stage Coach Apartments in Santa Fe, Robledo Ridge Apartments in Las Cruces and Mountain View Apartments in Deming – are creating an additional 179 affordable-housing units. Each provides housing opportunities and onsite social services for low-income families, seniors, and people with special needs and who are at risk of becoming homeless. The developments also created nearly 300 construction and permanent jobs in the state.