Aura at Quarterpath is a 227-unit family Class A, apartment community to be constructed in three 4-story elevator buildings located in The City of Williamsburg, Virginia. The project includes 70 one-bedrooms, 125 two-bedrooms, and 32 three-bedrooms with 30 detached garages. Using HUD’s Section 221d4 New Construction program for insurance advances, AGM obtained a HUD-insured mortgage of $26,317,700 at a fixed interest rate with a 40-year term.

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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