Bladensburg Commons is a 100 unit affordable new construction community located in Bladensburg, Maryland. Using HUD’s Section 221d4 New Construction program for insurance advances, AGM obtained a HUD-insured mortgage of $4,920,000 at a fixed interest rate with a 40-year term. Equity of approximately $14,548,000 was provided through the sale of 9% low income housing tax credits. Additional sources include $1,625,000 in Rental Housing Production funds from the State of Maryland and $3,000,000 in HOME funds from Prince George’s County.
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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
