Almeda Park Apartments is an existing 196-unit affordable multifamily community located in Houston, Texas. The project is located on a 12.9 acre property and consists of 49 two-story buildings and a separate community/leasing building. Utilizing HUD’s Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $12,549,200 with a 35-year term at a fixed interest rate.
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There are Encouraging Signs, But No Clear Direction…Yet
Long-term rates have been rising since their recent lows in September. The bond market is reacting to uncertainty – uncertainty about inflation, jobs, tariffs, tax
