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…