Health Net commits $3M to San Joaquin housing fund for 75 homes
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STOCKTON — November 12, 2026 -- Health Net, a Centene Corporation (NYSE: CNC) company, has committed $3 million to the San Joaquin Regional Housing Fund to support at least 75 affordable homes in Stockton, California. Spread across 75 homes, the sum equals at most $40,000 per home, by our calculation.
Grants and low-interest loans target households at 30% to 50% of area median income
The money will go out as grants and low-interest loans to speed up affordable housing developments. Health Net says the focus is on families facing the greatest barriers to affordable housing, including households earning between 30% and 50% of the area median income.
The release does not say how the $3 million divides between grants and loans. That split determines how much of the capital can be recycled into later projects.