This investment is one of many initiatives that demonstrate the company's long-standing commitment to the people of Hawai'i, from retail to workforce to philanthropy.
Woonsocket, Rhode Island, February 21, 2024 /PRNewswire/ — CVS Health® (NYSE: CVS) announced today that $35 million Equity investment to build two new affordable housing developments in Hawaii'I.It is located in Lahaina, Maui and Kapolei, Oahu, the community also provides residents with supportive social and educational programs tailored to residents' specific needs. In addition to multiple other funding partners, these investments support the State of Hawaii.'i prioritizes early child care and affordable housing, demonstrating the power of public-private collaboration.
Image courtesy of CVS Health
In cooperation with urban housing communities, Ikaika 'Ohana, Hunt Capital Partners and CVS Health invest $17.5 million Supporting the construction of 200 new affordable housing units in Caial aux Couqs'There is Lahaina, Maui. The development will bring much-needed affordable housing to families in the area, which was largely destroyed by the 2023 Maui wildfires.Ikaika 'Ohana, Co-Developer, Hawaii'The i-based nonprofit will coordinate services for residents such as immunizations and health exams, childcare, GED and ESL classes, vocational certification courses, resume writing and job placement, and financial counseling. In addition, Bezos Academy will operate a free Montessori kindergarten on-site for pre-school children living in Caiaur aux Kooks.'ah.
“Hunt Capital Partners is proud to be a part of the rebuilding of Lahaina. Affordable Rental Homes in Kaial O Kuku'ia will be the first permanent housing to be delivered in 2016. Lahaina “Since the devastating fire in August,” said Steve Colon, executive vice president of Hunt Companies. “Our partners UHC and Ikaika Ohana are delivering a much-needed rental housing community that will enable 200 local families to move into housing starting in December of this year.”
Colon continued, “All of us at Hunt are grateful to work with communities and organizations like UHC and Ikaika Ohana in creating affordable housing for local families across the state. “But especially now,” he said. Maui, this needs a lot of support from us. With this investment, CVS Health is changing lives and helping island residents return to their homes. ”
To strengthen its investment in the state, CVS Health is also making investments. $17.3 million Kobayashi Group, Ahe Group and CREA, LLC collaborate to build 169 new affordable housing units at Parkway Village in Kapolei, O Island'ah.Horizon Housing Foundation st louisKamehameha Schools of Hawaii, a nonprofit organization based in Hawaii, provides free services to residents, including building education, community, health and wellness programs.'i-based, a nationally recognized education group, will work with the school board and Partners in Development Foundation to operate a tuition-free preschool on the ground floor of one of five residential buildings is.
“Parkway Village is a great project in Hawaii's fastest growing community and one we are very proud of,” he said. Alana Kobayashi Pakkala, Executive Vice President and Managing Partner of Kobayashi Group. “We recognize the importance of affordable housing and early childhood education, especially on West Oahu, so we appreciate the public-private partnership with CVS Health, the city, and the county. Honolulu and HHFDC. ”
The integration of early child care facilities into both developments is in line with the state's “Ready Keiki” initiative on universal access to preschool education, led by the lieutenant governor. Sylvia Luke. “Partnerships such as ours with CVS Health play a vital role in fostering nurturing communities where families receive comprehensive support and children are provided with an environment where they can thrive and reach their full potential. We're doing it,” Luke said. “The support from CVS Health and our community partners is invaluable as we work to ensure that every child in Hawai'i is enrolled in kindergarten and beyond.”
Add kaiaur au kuku'ia, Parkway Village and CVS Health invest $62.2 million in affordable housing throughout Hawaii.'I have previously highlighted the company's efforts to advance health equity by addressing social determinants of health at the local level. Through these investments, CVS Health will provide quality housing to historically underserved communities in Hawai'i and increase access to child care and health care based on the unique needs of each community member. We have improved it.
Beyond affordable housing investments, CVS Health is committed to improving Hawaii's health and well-being.'i residents can be seen through its philanthropy, employee commitment and growing retail presence in the area.
Residents of Caul aux Cucu'ia and Parkway Village will have access to educational opportunities, employment services and training through two new career skills labs. Kahului and Waimanalo. Funded in collaboration with CVS Health and the University of Hawaii'I Maui university and hawaii'i Job Corps, a simulated pharmacy environment at Longs Drugs, provides virtual and hands-on pharmacy technician skills training to reduce barriers to employment and provide participants with the tools they need to succeed in the workplace. Masu.
And recently, CVS Health opened a new Longs Drugs store. Kapolei O to'Ah, we are celebrating our 60th anniversary.th Longs Drag location in Hawaii'I. Considering the importance of relationships with the local community, Lahaina Residents funded new affordable housing investments after the wildfires, reinforcing Longs' importance as a community anchor. After the 2023 Maui wildfires, community pharmacy teams provided daily deliveries to three area shelters and hosted a three-week drive-through donation clinic to ensure continued access to medical supplies. We worked to reopen affected areas while hosting and providing preventive care and essential supplies to residents. Save it to the community as soon as possible.
Following the fire, the CVS Health Foundation also pledged to: $450,000 to several organizations providing direct relief, including in Hawaii;'i Community Foundation's Maui Strong Fund, American Red Cross, and World Central Kitchen. CVS Health customers contributed: 2 million dollars Join our in-store fundraising campaign to support the Maui Strong Fund and Maui United Way.
“These investments and collaborations reflect our long-standing commitment to supporting and uplifting the people of Hawaii.'I said Scott Sutton, Regional Director, CVS Health. “We provide local residents with access to meaningful and affordable housing, health care, education and workforce opportunities, and ensure they have the resources they need to improve their overall well-being. I am.”
About CVS Health
CVS Health® is a leading healthcare solutions company, delivering care you can't find anywhere else. We reach more people across America through our regional presence, digital channels, and more than 300,000 dedicated colleagues, including more than 40,000 physicians, pharmacists, nurse practitioners, and nurse practitioners. , improving the health of our communities. Whenever and wherever people need us, we support people's health with chronic disease management, medication adherence, and access to affordable health and wellness services in the most convenient way. We help people navigate the health system and their personal care by improving access, reducing costs and being a trusted partner for every meaningful moment of health. And we do that with all our heart, every day. Follow @CVSHealth on social media.
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