CVS Health to Invest $11.6 Million in Affordable Housing in Austin

CVS Health to Invest .6 Million in Affordable Housing in Austin


“When people have access to quality, affordable housing, they can better take care of their health and manage chronic diseases,” said David Casey, Senior Vice President and Chief Diversity Officer, CVS Health. “As part of our commitment to addressing social justice and racial inequality, we address social determinants of health at the community level, where we can make a meaningful and lasting impact.”

Homelessness is a critical and pressing problem in India Austin. The development of Espero Austin in Rutland will help address this issue by providing shelter for the homeless or homeless, those with physical, mental and / or developmental disabilities, and youth aging out of foster families.

CVS Health works with Caritas from Austin, The Vecino Group and Austin Housing Finance Corporation to build the Espero Austin apartment complex in Rutland. The new development, which started on Rutland Drive in 1934 Austin is to accommodate 171 people in studio apartments. Further funding partners are the City of Austin and the Texas Department of Housing and Community Affairs.

“Caritas of Austin is excited to partner with CVS Health on this project as we work together to improve the wellbeing of more people in Austin and help them reach their full potential, “said Jo Kathryn Quinn, President and CEO of Caritas von Austin.

Caritas from Austin will provide evidence-based support free of charge to all Espero residents. The people who live at Espero Austin in Rutland are supported by social service workers, including peer support specialists who share the residents’ life experiences. In addition to this personalized approach, the services provided also include education, employment support, nutrition, and the connection to resources for mental and physical health. Planned amenities include a secured entrance, fitness center, a courtyard for residents, a common room and bicycle parking.

“Our investment in the Texas Community will provide safe accommodation with direct access to health care – a commitment that will directly impact the Texas Medicaid community for years to come, “said Stephanie Rogers, CEO Aetna Better Health of Texas, a CVS healthcare company.

As CVS Health works to address social determinants of health in Texas, the company is also exploring opportunities to expand its national human resources initiative program in the region to break the cycle of poverty by providing recruitment and training to the community.

About CVS Health
CVS Health is the leading healthcare solutions company, providing medical care like no other. We’re reaching more people and improving the health of communities across America through our local presence, digital channels, and over 300,000 dedicated colleagues – including more than 40,000 doctors, pharmacists, nurses, and nurses. Wherever and whenever people need us, we help them with their health – be it with the treatment of chronic diseases, compliance with their medication or the most convenient access to affordable health and wellness offers. We help people find their way around the health system – and their personal health care – by improving access, reducing costs and being a trusted partner for every moment of health. And we do it with heart, every day anew. Learn more at

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Eva Pereira
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