Health Net Puts $3M Into 76 Senior Affordable Units in Stockton
A $3 million Health Net investment is funding 76 affordable homes for income-eligible seniors in San Joaquin County through Mutual Housing California's Fairview Terrace project.
A $3 million commitment from Health Net is bringing 76 affordable housing units to Stockton, California, giving income-eligible older adults in San Joaquin County a pathway to stable, long-term housing within the communities they already call home.
The development, known as Fairview Terrace, is being built by Mutual Housing California, a nonprofit housing organization focused on creating resident-centered affordable communities. The project targets seniors who meet income qualifications, addressing one of the region's most acute housing challenges as older residents on fixed incomes face rising rents and housing instability.
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Health Net's investment underscores a growing recognition among health plans and insurers that stable housing is a social determinant of health — a factor directly tied to health outcomes, particularly for aging populations. By securing affordable housing, seniors are better positioned to maintain consistent access to medical care, social support networks, and community resources.
San Joaquin County, which includes Stockton, has experienced persistent affordability pressures in recent years. Projects like Fairview Terrace represent a targeted public-private approach to expanding the supply of senior housing without displacing long-standing residents from neighborhoods where they have deep social and cultural roots.
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