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CVS Health backs redevelopment of Blessed Sacrament Church in Jamaica Plain into 55 affordable homes
The Apex Times

THE APEX TIMES

Business/The Apex Times/Jun 7, 8:22 PM EDT

CVS Health backs redevelopment of Blessed Sacrament Church in Jamaica Plain into 55 affordable homes

The Woonsocket, Rhode Island-based health company marked the groundbreaking of a mixed-use project that preserves a historic church structure while creating housing targeted to families at 30% to 80% of area median income.

By The Apex Times Newsroom3 min readAI-assisted Apex article

CVS Health held a groundbreaking ceremony last week for the redevelopment of Blessed Sacrament Church in Jamaica Plain, Massachusetts, a long-vacant site that is being transformed into affordable housing and a community performance space. CVS said the project, developed by Pennrose and supported by the Hyde Square Task Force, is intended to preserve the building’s historic character while creating a new neighborhood anchor for the Latin Quarter. The company said it was joined at the event by Boston Mayor Michelle Wu, local leaders, community organizations, and colleagues from CVS Health and Aetna.

According to the announcement, Blessed Sacrament will ultimately include 55 affordable homes for families earning between 30% and 80% of the Area Median Income, with units designed to reflect different income brackets. CVS also said the redevelopment will preserve the building’s historic façade and convert the site into a mixed-use campus with a “multipurpose performance and community space.”

The project site is described as a 71,000-square-foot church complex that has stood vacant since 2004. CVS said the redevelopment will help revive the area after years of inactivity, and it pointed to the site’s historic role in the community prior to its closure. The company also indicated it expects to celebrate again at a planned grand opening in 2028.

The City of Boston’s own description of the redevelopment adds further detail on the housing and programming. Boston said the 71,000-square-foot church will be transformed into mixed-income housing reserved for residents earning between 30% and 80% of AMI, and that the development will include studios through two-bedroom apartments. Boston also said six apartments will be reserved for individuals exiting homelessness, and it described a multipurpose performance space with capacity for more than 200 people.

Boston’s release further characterizes the community space as a cultural hub for Hyde Square’s Afro-Latin youth and artists, with programming that includes youth arts workshops, after-school activities, community events, rehearsals, and live performances. It also describes the redevelopment as an adaptive reuse project, preserving historic features while introducing new community amenities inside the building.

CVS Health’s involvement fits into the company’s broader messaging about health outcomes beyond clinical care. In materials discussing social determinants of health, CVS says it addresses factors tied to where people live, including access to affordable housing and medicine. Separately, Aetna, a CVS Health company, states it has invested in affordable housing since 1997 as part of its stated health equity strategy, linking housing stability to improved opportunities to be healthy.

The company did not disclose in the ceremony announcement how much money CVS Health or Aetna will contribute to the Blessed Sacrament redevelopment, nor did it provide any terms about operating support, healthcare programming inside the building, or the long-term affordability compliance structure. The precise schedule beyond the groundbreaking and the 2028 grand opening was also not detailed in the posted release. The project’s remaining financing sources and building timeline items were not specified by CVS in the materials shared online. However, the City of Boston said the redevelopment’s feasibility involved multiple public and private funding streams, including state and local support and federal tax credit mechanisms, without connecting those details to CVS’s level of participation.

Looking ahead, local stakeholders will watch whether the redevelopment’s community spaces are fully programmed as the building comes online and whether the affordability mix and services align with Boston’s expectations for residents leaving homelessness as well as families across the AMI range. For CVS Health, the ceremony underscores an approach it is repeatedly emphasizing in its broader corporate impact efforts, positioning community development as part of the pathway to healthier lives.

Why It Matters

  • The event reflects how large health insurers and providers are leaning into social determinants of health as part of their brand and community strategies.
  • Partnerships with city officials and nonprofit development partners highlight how healthcare companies can align with local housing policy goals that support stabilization and access to services.
  • By linking housing-focused investments to health outcomes, CVS and Aetna reinforce a narrative that may resonate with Medicaid and value-based care stakeholders.
  • The project’s public-private financing model illustrates the difficulty of producing affordable housing, and how multiple funding streams can be required even for high-profile redevelopments.
  • If the redevelopment includes robust community programming tied to health and wellness, it could strengthen CVS Health’s local visibility in a market where it already operates through pharmacy and care services.

Sources

Key Facts

  • CVS Health marked the groundbreaking for the Blessed Sacrament redevelopment in Jamaica Plain, Massachusetts.
  • The project is expected to include 55 affordable homes for families earning between 30% and 80% of Area Median Income.
  • Boston said the redevelopment will preserve the historic 71,000-square-foot church building that has been vacant since 2004.
  • The City of Boston described a multipurpose performance and community space, with capacity for more than 200 people, tied to Afro-Latin youth and arts programming.
  • Boston said six apartments will be reserved for individuals exiting homelessness.
  • CVS said colleagues from CVS Health and Aetna attended the ceremony and characterized housing as part of its community health work, while it did not specify CVS or Aetna’s financial contribution in the announcement.

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CVS Health backs redevelopment of Blessed Sacrament Church in Jamaica Plain into 55 affordable homes | The Apex Times