Wespath 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.

 

A Place for Us Exterior
Image Source: Cinnaire

A Place for Us – Cleveland, OH

Wespath Benefits and Investments, through it’s Positive Social Purpose Lending Program and in partnership with Cinnaire, purchased a participation in a loan providing financing for a 55-unit Low Income Housing Tax Credit project for individuals aged 55+ with incomes up to 60% area median income. A Place for Us is an inclusive community that also offers a variety of services to all residents. Click here for additional information about this unique project.

Transaction Summary:

Property Name: A Place for Us
Location: 11610 Madison Ave, Cleveland, OH 44102
Units: 55
Loan Amount: $966,000
Term: 30 years
Purchase Date: September 28, 2017

 

For more information about Cinnaire: www.cinnaire.com

 
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