Affordable Housing Loans

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.

 

Garden Court at Yale Station – Denver, CO

Garden Court exterior
Photo Credit: Brad Bartholomew of Bartholomew Photography

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 66-unit rental property in Denver, Colorado restricted to tenants with household incomes up to 60% of area median income. Unit amenities include washers and dryers, full kitchen appliances, and balconies and patios. Common area amenities include a community center with kitchenette, business center, indoor bike storage, a fitness center, a community garden and a picnic area with barbeque grills. The property is a transit oriented development located adjacent to the Yale Station on Denver’s Southeast Light Rail Line, and each unit at the property receives a single Regional Transportation District Neighborhood EcoPass that provides unlimited rides on buses and light rail lines. Garden Court at Yale Station is located within walking distance to Grace United Methodist Church.

Transaction Summary:
 

Property Name: Garden Court at Yale Station
Location: 5155 E. Yale Ave, Denver, CO
Units: 66
Loan Amount: $3,165,000
Term: 30 years
Purchase Date: April 5, 2017

 

For more information about The Community Development Trust: www.cdt.biz

 

Visit our website for Participants, Conferences and Other Plan Sponsors: wespath.org

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