Health and Housing Partnership in Louisiana

UnitedHealthcare has partnered with the Louisiana Housing Corporation (LHC) and the Louisiana Department of Health to support important initiatives aimed at reducing homelessness throughout the state. The company provided no-interest bridge financing with no associated fees to help the LHC fully utilize an $11.5 million permanent supportive housing grant from HUD’s Continuum of Care Program. LHC received a two-month, no-cost extension from HUD on this grant. The bridge loan from UnitedHealthcare allowed the LHC to expend all of the grant funds instead of leaving a balance that would have to be returned to HUD. LDH then provided the funds to fill the gap and repay the loan. Read More…