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, R.I., February 22, 2024 — CVS Health® (NYSE: CVS) today announced an approximately $35 million equity investment toward the construction of two new affordable housing developments in Hawaii. announced the contribution. Located in Lahaina, Maui, and Kapolei, Oahu, the communities also offer social assistance and educational programs tailored to residents' specific needs. Along with multiple other funding partners, these investments support Hawaii's priorities of early child care and affordable housing and demonstrate the power of public-private collaboration.
In cooperation with urban housing communities, Ikaika 'Ohana and Hunt Capital Partners CVS Health have invested $17.5 million to support the construction of 200 new affordable housing units in Kaial aux Kuku.'Located in 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 'Co-developer and Hawaii-based nonprofit organization Ohana provides residents with vaccinations and health exams, child care, GED and ESL classes, vocational certification courses, resume development and job placements, financial counseling and more. I will be coordinating services. 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 home delivered in Lahaina since the devastating fire in August,” said Steve Colon, executive vice president of Hunt Companies. “Our partners, UHC and Ikaika Ohana, are providing a much-needed rental housing community for 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 building affordable housing for local families across the state. “Especially right now on Maui, which needs our help so much.” With this investment, CVS Health is changing lives and helping island residents return to their homes. ”
CVS Health furthers its investment in the state, investing $17.3 million with Kobayashi Group, Ahe Group, and CREA, LLC to build 169 new affordable housing units at Parkway Village in Kapolei, O Island. was constructed.'ah. Horizon Housing Foundation, a St. Louis-based nonprofit organization, plans to provide free services to residents, including education and building community, health, and wellness programs. Kamehameha Schools, an educational group created by the school, will house a free early childhood education facility on the ground floor of one of the five residential buildings, with partners from the Board of Education and Development Foundation who will administer the tuition fees.
“Parkway Village is a great project in Hawaii's fastest growing community and one we are very proud of,” said Alana Kobayashi Packara, Executive Vice President and Managing Partner of Kobayashi Group. says Mr. “We recognize the importance of affordable housing and early childhood education, especially on West Oahu, which is why we appreciate the public-private partnership with CVS Health, the City and County of Honolulu, and HHFDC.”
The integration of early child care facilities into both developments is in line with Ready Keiki, the state's universal access to preschool initiative led by 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 enrolls in kindergarten and beyond.”
Add kaiaur au kuku'ia and Parkway Village CVS Health have invested $62.2 million in affordable housing across Hawaii to date, advancing health equity by addressing social determinants of health at the local level. It emphasizes the company's efforts to promote Through these investments, CVS Health will provide historically underserved communities in Hawaii with quality housing and access to child care and health care based on the unique needs of each community member. has been improved.
Beyond affordable housing investments, CVS Health's commitment to improving the health and well-being of Hawaii residents can be seen through its philanthropy, workforce initiatives and local retail expansion.
Residents of Caul aux Cucu'ia and Parkway Village will provide access to educational opportunities, employment services and training through two new Career Skills Labs in Kahului and Waimanalo. A simulated Longs Drugs pharmacy environment, funded by a collaboration between CVS Health, University of Hawaii Maui and Hawaii Job Corps, will provide virtual and hands-on pharmacy technician skills training and reduce barriers to employment. and provide participants with the tools they need to succeed. Place of work.
And recently, CVS Health opened a new Longs Drugs store in Kapolei, O.'ahu marks the company's 60th Longs Drug store in Hawaii. Given the importance of local relationships to Lahaina residents, funding new affordable housing investments following the wildfires reinforces the importance of Longs 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.
After the fire, the CVS Health Foundation also donated $450,000 to several organizations providing direct relief, including the Hawaii Community Foundation's Maui Strong Fund, the American Red Cross, and World Central Kitchen. A CVS Health customer has donated more than $2 million to an 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 Hawai'i,” said Scott Sutton, regional director for 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.
media contact
Monica Prinzing
831-241-8294
PrinzingM@CVSHealth.com
Rebecca Ferrick
FerrickR@CVSHealth.com
