Health Net, a Medi-Cal managed care health plan and subsidiary of Centene Corporation, has announced the allocation of $31.25 million in grants to support the development of ten new affordable housing projects across Los Angeles, Sacramento, San Joaquin, and Stanislaus counties. The initiative is expected to create at least 900 new housing units by 2026.
This investment accounts for 84% of Health Net’s planned $37 million budget aimed at expanding low-income housing options. Since 2020, the company has dedicated $93 million to initiatives addressing housing and homelessness.
Dorothy Seleski, Medi-Cal President for Health Net, stated: “Every day we’re reminded that creating a pathway to stable housing is about more than bricks and mortar — it’s about restoring hope, dignity and opportunity to our neighbors who need it most. When we invest in secure, affordable homes, we’re not just fixing roofs — we’re addressing a root cause of poor health, giving families the stability they need to heal and grow. That’s how we build a stronger, healthier California for everyone.”
The company emphasized that stable housing can help individuals manage chronic conditions and maintain employment while reducing pressure on emergency services in California.
California Assemblywoman Buffy Wicks commented: “This investment is an important step toward ensuring families throughout our state have access to safe, stable homes. When we strengthen our housing infrastructure, we lay the foundation for improved health, increased educational opportunities, and economic stability for all residents.”
The funded projects include:
– In Los Angeles County: LA4LA Guarantee Tool ($10 million), The People Concern (Fountain Apartments) ($3.7 million), Eleos (5637 Broadway) ($550,000).
– In Sacramento County: Green Means Go/Sacramento Area Council of Governments ($2 million), San Juan Apartments II/Mutual Housing ($1 million).
– In San Joaquin County: Fairview Terrace/Mutual Housing ($3 million), San Joaquin Affordable Housing Trust ($3 million), Lodi Seniors at Salas Park ($2 million).
– In Stanislaus County: Morris Village/Self-Help Enterprises ($4 million), Stanislaus Equity Partners ($2 million).
Sarah Dusseault of LA4LA said: “This investment helps us transform lives by advancing innovative housing solutions our communities so urgently need. We are so grateful for this funding that will expand access to stable, affordable homes for more people and families — and demonstrates what’s possible when organizations align around a shared commitment to end housing insecurity and build a brighter future.”
Steve Sawicki from TPC Homes added: “This funding supports lasting partnerships and helps ensure resources reach the individuals and families who need them most. The impact of having a stable place to call home is felt across generations and strengthens the fabric of our communities.”
Health Net indicated nearly $6 million remains available for additional projects in 2026 as it continues efforts to address California’s ongoing shortage of affordable housing.
Founded over 45 years ago in California, Health Net provides health plans covering more than three million members statewide through its network of subsidiaries under Centene Corporation.
