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Ribbon Cutting Ceremony Celebrates Grand Opening of Stage Coach Apartments in Santa Fe

UNH | June 25, 2013

Community leaders and project partners celebrated the official grand opening of the Stage Coach Apartments, a new rental housing development in Santa Fe.

UnitedHealthcare Community & State of New Mexico CEO Kevin Kandalaft holds the scissors during a ribbon cutting ceremony today celebrating the opening of Stage Coach Apartments in Santa Fe. L to R: Ira Griffin, project manager, Pavilion Construction; Kandalaft; Sharron Welsh, Executive Director of The Housing Trust; Santa Fe Mayor David Coss; Jay Czar, Executive Director, New Mexico Mortgage Finance Agency; and New Mexico Economic Development Secretary Jon Barela (Photo: Chris Corrie, Corrie Photography).

The 60-unit affordable housing community was developed by The Housing Trust and received $9.8 million in funding from UnitedHealth Group for the $12 million renovation and new construction project. UnitedHealth Group has invested a total of $22 million for three affordable housing projects in the state. Located in Santa Fe, Las Cruces and Deming, each provides housing opportunities and onsite social services for low-income families, seniors, and people with special needs and who are at risk of becoming homeless. The developments created 179 new housing units and nearly 300 construction and permanent jobs in the state.

About Enterprise

Enterprise works with partners nationwide to build opportunity. We create and advocate for affordable homes in thriving communities linked to jobs, good schools, health care and transportation. We lend funds, finance development and manage and build affordable housing, while shaping new strategies, solutions and policy. Over more than 30 years, Enterprise has created 300,000 homes, invested nearly $14 billion and touched millions of lives. Join us at www.EnterpriseCommunity.com or www.EnterpriseCommunity.org.

About UnitedHealth Group

UnitedHealth Group (NYSE: UNH) is a diversified health and well-being company dedicated to helping people live healthier lives and making health care work better. With headquarters in Minnetonka, Minn., UnitedHealth Group offers a broad spectrum of products and services through two business platforms: UnitedHealthcare, which provides health care coverage and benefits services; and Optum, which provides information and technology-enabled health services. Through its businesses, UnitedHealth Group serves more than 80 million people worldwide. For more information, visit UnitedHealth Group at www.unitedhealthgroup.com.

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