Cove Point I is a 100 unit senior apartment building located in Dundalk, Maryland. The 2004 construction of the project was financed by AGM using HUD’s Section 231 program and 9% low income housing tax credits. Using HUD’s 223(a)(7) program for currently insured properties, AGM recently obtained a new insured mortgage of $3,950,600.
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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
