Flats170 at Academy Yard is a 369-unit family apartment community to be built in Odenton, Maryland. Using HUD’s Section 221d4 New Construction program for insurance advances, AGM obtained a HUD-insured mortgage of $72,783,600 with a fixed interest rate over a 40-year term. The project is located within Anne Arundel County’s Odenton Town Center, a targeted growth area, and the project’s design character reflects the industrial heritage of Odenton. The project consists of one, two, and three bedroom units, walkup and elevator-served, with an extensive amenity package including garage parking and a luxurious clubhouse with swimming pool.
