Through the Positive Social Purpose (PSP) Lending Program, Wespath Benefits and Investments and its subsidiaries, including Wespath Institutional Investments, participate in loans that provide financing for affordable housing and community development. The links below provide information on recently financed PSP projects.
Bishop Gardens is a 72-unit Low Income Housing Tax Credit property. Sixty units at the project are restricted to households with income levels up to 60% of the area median income.
The Verandas of Punta Gorda is a 60-unit rental property in Punta Gorda, Florida, restricted to tenants aged 55 and older with household incomes less than 60% of the area median income.
Wespath Investment Management, through its Positive Social Purpose Lending Program, invested $30 million in companies that help provide solar energy to communities in developing countries that are not connected to national power grids.
Wespath Investment Management, through its Positive Social Purpose Lending Program, invested $1 million in the Guarantee Fund sponsored by Shared Interest, which is a non-profit based in New York that mobilizes resources for Southern Africa’s economically disenfranchised communities to sustain themselves and build equitable nations.
The Landings at Belle Meadows – Alton, IL
Santa Fe Community Living – Santa Fe, New Mexico
Creston I & II – Grand Rapids, MI
Quartz Ridge – Auburn, CA
Strong Housing – Ypsilanti, MI
St. Francis King Hill – Saint Joseph, MO
Stonebridge Senior Apartments – State College, PA
The Reserve at Mills Creek – Scottdale, GA
Homes of Renaissance Preserve IV Apartments – Fort Myers, FL
The Huntley Building – Syracuse, NY
LARC at Olympia Vista – Olympia, WA
Garden Court at Yale Station – Denver, CO
Jackson Square Apartments – Oshkosh, WI
The View – Stone Mountain, GA
River’s Edge – Laconia, NH
Delores McCoy Villa I
Vineyards at Menifee: Safe and Secure Senior Living