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.

 

Homes of Renaissance Preserve IV Apartments – Fort Myers, FL

Homes of Renaissance exterior
Photo Credit: Spectrum Field Services, Inc.

Through the Positive Social Purpose Lending Program and in partnership with The Community Development Trust, participation was purchased in a loan providing financing for an 88-unit rental property in Fort Myers, FL. Units are reserved for households earning up to 60% of the area median income. Project amenities include a community room, fitness center, central laundry, picnic area, and basketball and tennis courts. Unit amenities include balconies or patios, full kitchen appliances and washer/dryer hook-ups. Energy efficient features include energy star appliances and light fixtures, low flow water fixtures, and high efficiency water heaters and HVAC.

Transaction Summary:
 

Property Name: Homes of Renaissance Preserve IV Apartments
Location: 4211 Romeo Lane, Fort Myers, FL 33916
Units: 88
Loan Amount: $1,008,000
Term: 15 years
Purchase Date: April 12, 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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