Ebbetts Plaza is an existing 90-unit affordable multifamily community located in Virginia Beach, Virginia. The project consists of 13 two-story townhouse style buildings and a separate leasing office. Utilizing HUD’s Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $3,125,000 with a 35-year term at a fixed interest rate.
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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
