Health Net Invests $3M to Open 76 Affordable Senior Homes in Stockton
A $3 million Health Net investment funds Fairview Terrace, bringing 76 affordable units to income-eligible seniors in San Joaquin County.
Health Net has committed $3 million to support Fairview Terrace, a Mutual Housing California development in Stockton designed to provide stable, affordable housing for income-qualifying older adults in San Joaquin County. The project represents a targeted effort to address housing insecurity among seniors who wish to remain in the communities they call home.
Fairview Terrace will offer 76 affordable units to eligible seniors, giving them a pathway to long-term residential stability. The development is part of a broader trend of health care organizations channeling capital into housing as a social determinant of health, recognizing that stable shelter directly affects physical and mental well-being among aging populations.
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Mutual Housing California, the nonprofit behind the project, focuses on building and preserving affordable communities across the state. The Stockton development aligns with its mission to keep lower-income residents — particularly vulnerable groups like seniors — connected to their neighborhoods rather than displaced by rising housing costs.
San Joaquin County has faced persistent affordability pressures, and programs like Fairview Terrace are seen as critical infrastructure for residents on fixed incomes. Income eligibility requirements will govern who qualifies for the units, ensuring resources reach those most in need.
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