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.

 

Bishop Gardens – Justin, TX

Bishop Gardens Exterior
Image Source: Cinnaire

Through the Positive Social Purpose Lending Program and in partnership with Cinnaire, participation in a loan was purchased providing financing for Bishop Gardens, 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. Common area amenities at the project include a business/computer center, fitness center, community room, swimming pool and playground.

Transaction Summary:
 

Property Name: Bishop Gardens
Location: 200 Hardeman Blvd., Justin, TX 76247
Units: 72
Loan Amount: $2,600,000
Term: 18 years
Purchase Date: November 7, 2017

 

For more information about Cinnaire: http://cinnaire.com

 

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