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Recent PSP Lending Program Investments

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.

Affordable Housing and Community Development Loans

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A Place for Us - Cleveland, OH

A Place for Us is a 55-unit Low Income Housing Tax Credit project for individuals aged 55+ with incomes up to 60% area median income.

A Place for Us - Cleveland, OH

A Place for Us is a 55-unit Low Income Housing Tax Credit project for individuals aged 55+ with incomes up to 60% area median income.

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Bishop Gardens - Justin, TX

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.

Bishop Gardens - Justin, TX

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.

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Croft Place - New Richmond, WI

Croft Place is a 52-unit Low Income Housing Tax Credit project. Forty-eight units target households earning up to 60% of area median income.

Croft Place - New Richmond, WI

Croft Place is a 52-unit Low Income Housing Tax Credit project. Forty-eight units target households earning up to 60% of area median income.

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The Brew House - Pittsburgh, PA

Through PSP and in partnership with The Community Development Trust, participation was purchased in a loan providing financing for The Brew House.

The Brew House - Pittsburgh, PA

Through PSP and in partnership with The Community Development Trust, participation was purchased in a loan providing financing for The Brew House.

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Socorro Palms Apartments - Socorro, TX

Socorro Palms is a mixed income development that consists of 38 fourplex buildings and contains 152 units.

Socorro Palms Apartments - Socorro, TX

Socorro Palms is a mixed income development that consists of 38 fourplex buildings and contains 152 units.

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The Verandas of Punta Gorda - Punta Gorda, FL

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.

The Verandas of Punta Gorda - Punta Gorda, FL

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.

Microfinance Loans

Off-Grid

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.

Off-Grid

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.

Shared Interest – Sub-Saharan Africa

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.

Shared Interest – Sub-Saharan Africa

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.