Affordable Housing Loans

West End Heights in Ithaca, New York

A New York housing development designed to help at-risk individuals was financed in part by Wespath’s Positive Social Purpose (PSP) Lending Program.

The West End Heights development in Ithaca, New York, has 60 one-bedroom apartments, including 38 apartments designated for individuals served by Lakeview Health Services, a local not-for-profit agency. Lakeview Health Services has offices on the ground floor of the five-story building.

Lakeview Health Services offers residential programs at West End Heights to support individuals who are vulnerable due to mental illness. The agency also provides support services to West End Heights residents who are exiting homelessness or at risk of homelessness and vulnerable due to mental illness, substance use disorder or HIV/AIDS.

The other 22 apartments are reserved for individuals earning up to 60% of the area median income.

West End Heights features fossil fuel-free, electric heat pumps to heat and cool residences and community spaces. Ithaca has committed to decarbonize all the city’s buildings by 2030 and West End Heights is a step in that direction. All apartments have Energy Star kitchen appliances, and the building is LEED (Leadership in Energy and Environmental Design) Certified.

Wespath invested over $1.8 million in the project and worked with intermediary Community Preservation Corporation. Wespath’s funding for West End Heights was completed in April 2023.