Tuesday
Jun192012

Victoria Park at Sassafras Meadow

Victoria Park at Sassafras Meadow is a new three story 80-unit develpment for the elderly to be built in Salisbury, Maryland. Using HUD's Section 231 New Construction program, AGM obtained a HUD-insured mortgage of $1,850,000 with a 40-year term. The loan will be funded pursuant to HUD's program for insurance upon completion. Total project costs are approximately $162,500 per unit. Additional funds were provided through the sale of tax credits. The project includes 33 one-bedrooms units and 47 two-bedrooms units with 80 parking spaces and two elevators.

PrintView Printer Friendly Version

EmailEmail Article to Friend

« Park Hampshire | Main | Park View at Emerson »

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.
Editor Permission Required
You must have editing permission for this entry in order to post comments.