Positive Social Purpose (PSP) Lending Program


Wespath Benefits and Investments and its subsidiaries, including Wespath Institutional Investments, participate in the Positive Social Purpose Lending Program described below.


PSP Lending Program

Wespath’s PSP Lending Program promotes affordable housing, community development and expanded loan opportunities for poor communities worldwide, while earning a rate-of-return commensurate with risk. The program began in 1990 with a $25 million commitment to affordable housing. The PSP Lending Program, through its qualified lending partners, participates in mortgage loans to real estate projects that support low- and moderate-income individuals, families and communities.

Positive Social Purpose Philosophy and Goals

The PSP Lending Program focuses particularly on supporting affordable housing, by acquiring mortgage loans from independent third parties, usually nonprofit organizations. Investments in multifamily, senior and special-needs housing achieve risk-adjusted rates-of-return and result in demonstrated improvements in the quality of life for the thousands of people served. The program has made investments which have funded the construction, rehabilitation or preservation of over 52,000 affordable housing units in all 50 U.S. states and the U.S. Virgin Islands.

Wespath is also dedicated to investing in community facilities that work for or provide services to low- and moderate-income people, including homeless shelters, health care facilities, community centers and charter schools. Community development investments achieve risk-adjusted rates-of-return.


Wespath Cares Videos

The PSP Lending Program has a long and distinguished history of investing in affordable housing and community development projects in the United States and in global microfinance opportunities. This series of videos spotlights the impact of the PSP program in Africa.

Impacting Participants and Communities

The PSP Lending Program benefits fund investors and communities worldwide. Wespath fund investors benefit from the positive financial returns—targeted individuals, families and underserved communities benefit from new or redeveloped assets, social services and job opportunities. We all benefit from more vibrant and stable neighborhoods with better quality schools and the necessary support services that contribute to thriving communities.

Program Details

Positive Social Purpose Lending Program Infographic

Positive Social Purpose Lending Program Video—Prairie Commons Apartments in Dallas, Texas

Wespath Affordable Housing and Community Development Loans

Property Map


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