Cherry Grove Apartments is an existing 76-unit affordable family apartment development located in Altoona, Pennsylvania. The property consists of seven, two-story apartment structures, a single-story community building, and a maintenance building. Utilizing HUD’s Section 221(d)(4) program for substantial rehabilitation, AGM obtained a HUD-insured mortgage of $6,041,000 with a 40-year at a fixed interest rate. Equity of approximately $3,732,529 was provided through the sale of 4% low-income housing tax credits (LIHTC).
Press Releases
AGM Financial Services’ Matt Daddio Appointed to Howard County Housing and Community Development Board
BALTIMORE, September 26, 2024 – AGM Financial Services is proud to announce that Matt Daddio, Deputy Chief Underwriter, Vice President at AGM, has been appointed
