WOONSOCKET, RI / ACCESS Newswire / October 23, 2026 / CVS HealthRecently, the Grand Opening of Phoenix Residential in Milwaukee marked a milestone for the residents, local leaders, community and development organizations, who helped bring the community to life.
Phoenix Residential offers 21 affordable homes for families earning up to 30% and 60% of Area Median Income, with eight units supported by HUD project-based rental assistance. The ground floor includes a 5,800 square foot community resource center operated by the Milwaukee County Housing Division, offering life skills training, mental health support, employment training, and educational workshops to both residents and the surrounding neighborhood.
Developed by KG Development Group, Phoenix Residential transformed a historic former nursing home into affordable housing with access to supportive services...
Leo's notes: The conversion of a former nursing home into affordable housing and a community resource center illustrates the intersection of housing, health, and economic opportunity. With CVS Health and Aetna contributing $500,000, the project also raises an important question: should healthcare institutions play a more direct role in financing housing as a strategy for improving community health?
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- Volume: 26 - WEEK: 44 Date: 10/26/2026 4:46:52 PM -