The CSI Portfolio consists of six affordable communities containing 552-units of located throughout California. The communities are the 200-unit Magnolia, the 40-unit Mariposa, the 55-unit Maywood, the 74-unit Meadowlark, the 56-unit South Bay, and the 126-unit South Park Manor. All properties receive Section 8 assistance contracts from the Department of Housing and Urban Development. Using the HUD Interest Rate Reduction program for currently insured properties, AGM reduced the interest rates with a combined mortgage balance of $34,982,127 and increased cash flow.
Blog Articles
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
