Flats170 at Academy Yard is a 369-unit existing market rate multi-family apartment community located in Odenton, MD. The property was originally financed by AGM under the Section 221(d)(4) New Construction program in 2012. AGM obtained a HUD insured mortgage of $70,948,500 under the 223(a)(7) refinance program. The refinance reduced the fixed interest rate while extending the term of the mortgage back to the original term of 40 years.
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FHA Proposals on New MIP Premiums and Eliminating Green MIP
Late yesterday, HUD announced important proposed changes in mortgage insurance premiums (MIP) for FHA-insured multifamily loans. In a notice to be published in the Federal
