Home State Health, McCormack Baron Salazar, and Urban Strategies Announce Preservation Square Community Partnership
Home State Health, McCormack Baron Salazar (MBS), and Urban Strategies, Inc. (USI) have launched a collaborative partnership to support families in the Preservation Square redevelopment area of North St. Louis. The initiative aims to integrate affordable housing with essential services, including healthcare access, chronic condition management, food security, and economic mobility opportunities. The collaboration coincides with the groundbreaking of the final phase of Preservation Square, a large-scale project involving approximately 695 mixed-income housing units across nine city blocks. This effort is part of the HUD Choice Neighborhoods initiative designed to revitalize St. Louis' Near North Side through combined housing investment and resident services. The project is supported by the Centene Foundation, which provides McCormack Baron Salazar with below-market-rate loans for predevelopment design and planning. This financing model is intended to facilitate early-stage activities such as site analysis and community engagement, ultimately unlocking further public and private capital for affordable housing development.

Tickers: $CNC
Topics: Affordable Housing Community Redevelopment Healthcare Access Social Determinants of Health