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Wespath Benefits and Investments implements the sustainable investment strategies for investment funds made available through it and its investment management subsidiaries, including Wespath Institutional Investments. Below, Wespath and its subsidiaries are referred to collectively as "Wespath." |
Wespath’s Positive Social Purpose (PSP) Lending Program contributed funding to the construction of a Poughkeepsie, New York, housing development with five apartments reserved for individuals with mental health conditions, and seven apartments designated for people with physical disabilities. Residents in these units can access on-site support services from a local not-for-profit organization.
The 75-unit apartment building, Crannell Square, is an affordable housing development that also has 26 apartments earmarked for artists. The Crannell Square lobby doubles as a gallery space for a resident artist to display work for free.
Crannell Square is an energy-efficient building, achieving a LEED Gold certification. The building opened in June 2022 and includes a laundry room, community room, performance practice room and 30 parking spaces.
Wespath invested $5,550,000 in the project and worked with intermediary Community Preservation Corporation. Wespath’s funding for Crannell Square was completed in December 2022.
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P.S. For plan sponsors and plan participants, we have a new look for you too. Check out the Wespath Benefits and Investments website.
