AGM Financial Services Donates $100,000 To Baltimore Nonprofit Organizations As Part of Its Annual “Give Back” Initiative

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BALTIMORE, Maryland, February 15, 2023 — AGM Financial Services (AGM) donated a total of $100,000 to four Baltimore nonprofit organizations. Recipients will receive a $25,000 unrestricted grant that allows each organization to spend the donation to further its mission as it sees fit and for any legal purpose it chooses.

“As a Baltimore-based company, much of AGM’s success comes from right here at home,” says Margaret Allen, CEO. “The Donor Fund is simply a way for us to give back to the community that gave us our start 30 years ago.”

Entering its third year, AGM plans to make the Donor Fund an annual philanthropic initiative. Recipients of the 2022 grant donations include:

  • BARCS is a non-profit, 501(c)3 organization operating Maryland’s largest animal shelter and pet adoption center. “BARCS would like to extend a massive, heartfelt 'thank you' to our friends at AGM for donating $25,000 for the animals at BARCS this holiday season. This incredible gift will undoubtedly have a huge impact on our shelter home; it will help us support the housing, food, and medical care of the thousands of homeless, abused, and neglected animals who enter our doors every year. It will also help us fund lifesaving programs that support pets and their owners in our community, including the Keeping Pets with Families Program,” said Bailey Deacon, Director of Philanthropy and Communications.” We are so honored to have been chosen by AMG’s employees to be awarded this big-hearted gift.”

  • Health Care for the Homeless works to prevent and end homelessness for vulnerable individuals and families by providing quality, integrated health care and promoting access to affordable housing and sustainable incomes through direct service, advocacy, and community engagement. “AGM understands the importance of safe, decent, and affordable housing. Their significant gift to Health Care for the Homeless is an investment in ‘whole person’ care for people who lack the stability of a place to call home.” said Kevin Lindamood, President & CEO. “We understand that housing is health care and are thankful for AGM’s confidence in our work and mission at the intersection of health and housing.”

  • H.O.P.E in Baltimore (Helping Oppressed People Excel) supports people who have been released from relatively long jail terms by providing down payments for rental apartments, food, bus passes, and job training. “This grant will help those we serve transition and stabilize back into society successfully and permanently,” said Antoin Quarles El, Founder & CEO.

  • Intersection of Change is a community-based non-profit in Baltimore working to address poverty-related challenges in Baltimore’s Sandtown-Winchester, Upton, and surrounding communities. “AGM has been a generous partner to us at Intersection of Change at a crucial time when our amazing Jubilee Arts program has faced a financial challenge,”  said Todd Marcus, Executive Director and Cofounder. “AGM's grant is a huge support in helping us continue the arts classes, youth entrepreneurship, and public art projects our Jubilee Arts program offers to over 2,000 participants each year to our west Baltimore community!  Thank you, AGM!"

Myles perkins

“Each year Margaret and I decide on two nonprofits that align with AGM’s mission and values,” said Myles Perkins, President. “We also accept nominations from our team. They then vote to determine the other two grant recipients. This is in addition to the $250 AGM employees are given each December to donate to any nonprofit organization of their choice.”

AGM is a privately held company based in Baltimore, Maryland, and a nationwide licensed FHA Mortgagee (lender) providing financing for both Market Rate and Affordable Housing communities.

AGM arranges federally insured mortgages for apartment projects under FHA’s MAP (Multifamily Accelerated Processing) program. AGM is also an approved Lender for FHA’s Low Income Housing Tax Credit Pilot Program and is very active in the Rental Assistance Demonstration (RAD) Program.

AGM offers fixed-rate, non-recourse loans for new construction or substantial rehabilitation pursuant to Sections 220, 221(d), & 231 of the National Housing Act and for acquisition or refinance of existing apartment communities pursuant to Section 223(f). AGM finances supplemental renovation loans using Section 241(a) and refinances Section 202 properties using the most appropriate loan insurance program. AGM also refinances currently insured properties using Section 223(a)(7) and offers Interest Rate Reductions.

About AGM Financial Services

Founded in 1990, AGM is a leading FHA lender and GNMA seller/servicer. From new construction and substantial rehab to acquisition or refinance — AGM gets the deal done. Family-owned with over 30 years of experience, the firm has closed over $9 billion in FHA-insured multifamily project loans nationwide. We underwrite, fund, and service all of our loans. Developers and owners can count on AGM to be accessible, transparent, consistent, and ready to lend. To learn more about AGM, call 800.729.4266 or visit agmfinancial.com.

Media Contact
Dina Wasmer
410-366-9479 x101
dina@incitecmo.com
www.incitecmo.com

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