| 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. |
|
Through the Positive Social Purpose Lending Program and in partnership with Cinnaire, participation was purchased in a loan providing financing for a 52-unit Low Income Housing Tax Credit project. Forty-eight units target households earning up to 60% of area median income. Additionally, nine units are restricted and designated for individuals with hearing, vision or other physical impairments, with priority given to veterans. The remaining units are leased at market rates. Common area amenities include an elevator, fitness center, business center, raised gardens, laundry facilities, community room/clubhouse, wellness center, picnic area, playground, and on-site management office. |
 Image Source: Cinnaire |
| Property Name: | Croft Place |
| Location: | 233 Croft, New Richmond, WI 54017 |
| Units: | 52 |
| Loan Amount: | $1,550,000 |
| Term: | 18 years |
| Purchase Date: | February 17, 2017 |
For more information about Cinnaire: http://cinnaire.com
We have updated our website with a new look and made it simple to navigate on any device.
We will continue to add more valuable information and features. Please let us know how we are doing.
P.S. For plan sponsors and plan participants, we have a new look for you too. Check out the Wespath Benefits and Investments website.
