Wespath Affordable Housing Loans: Henderson Village

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.

 

Henderson Village Exterior
Image Source: https://www.hendersonvillageapts.com/

Henderson Village – Henderson, TX

Wespath, through its Positive Social Purpose Lending Program and in partnership with Greystone Servicing Corporation, purchased a participation in a loan providing financing for Henderson Village, an 80-unit Low Income Housing Tax Credit project in Henderson, TX. Fifty-seven units are reserved for households earning up to 60% of the area median income, 11 units are reserved for households earning 50% of the area median income, and the remaining 12 units are market rate. Common area amenities include a community center with activity room, exercise room with equipment, meeting room, playground, gazebo, barbecue grills, an outdoor pool, and walking trails. Unit amenities include full kitchen appliances, in-unit washers and dryers, patios or balconies, and storage closets.

Transaction Summary:

Property Name: Henderson Village
Location: 1480 US Highway 259 S, Henderson, TX 75654
Units: 80
Loan Amount: $1,750,000
Term: 15 years
Purchase Date: January 15, 2019

 

For more information about Greystone Servicing Corporation: www.greyco.com

 
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