|Wespath Benefits and Investments and its subsidiaries, including Wespath Institutional Investments, participate in the Positive Social Purpose Lending Program. The information below provides details about a property recently financed through this program.|
Through the Positive Social Purpose Lending Program and in partnership with The Community Development Trust, participation was purchased in a loan providing financing for a 58-unit rental property in State College, PA. The project is age-restricted to tenants 62 and older with household incomes up to 60% of area median income. Common area amenities include a community room with a kitchen, laundry facilities, computer room, a pool, tennis courts and 58 parking spaces. Stonebridge Senior Apartments is part of a larger planned and phased development for the area.
Image Source: Spectrum Field Services, Inc.
|Property Name:||Stonebridge Senior Apartments|
|Location:||1680 Bristol Avenue, State College, PA|
|Purchase Date:||April 28, 2017|
For more information about The Community Development Trust: www.cdt.biz