AGM closed on a HUD insured mortgage of $5,532,500 under the 223(f) refinance program for Darby House. Originally built in 2006, Darby House is an existing 108-unit affordable senior apartment community located in Richmond, Virginia. The property consists of one four-story elevator-served apartment building. All of the community’s units are restricted to households whose incomes are at or below 50% of area median income. Amenities include multi-purpose room, sitting area on each floor, administrative offices, crafts room, TV / library room, lobby, kitchen, fitness center, laundry room on each floor, mail, restrooms, and storage cages that are included in the rents. The project site also has 88 self-park parking spaces.
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