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.

 

Galloway Meadows – Easton, MD

Photo showing Galloway Meadows Exterior
Image Source: Cinnaire

Wespath, through its Positive Social Purpose Lending Program and in partnership with Cinnaire, purchased a participation in a loan providing financing for Galloway Meadows, a 72-unit Low Income Housing Tax Credit property in Easton, MD. Unit amenities include an appliance package, central air conditioning, wiring for high-speed DSL Internet and blinds on all of the windows. Community amenities include a tot lot, green open spaces, and a community building with resident meeting space and warming kitchen, computer room with computer stations for resident use, laundry facilities and offices for management and maintenance personnel. A service coordinator is available to residents to help connect them with various service providers in the area, including a multicultural resource center and a violence prevention center.

Transaction Summary:
 

Property Name: Galloway Meadows
Location: 29418 Matthewstown Road, Easton, Maryland 21601
Units: 72
Loan Amount: $805,000
Term: 15 Years
Purchase Date: April 25, 2019

 

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

 

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

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