Fountains at Tidwell is an existing 188-unit mixed-income multifamily community located in Houston, Texas. Located on 22 acres of land, the project consists of 47 one and two-story garden style buildings, detached garages, swimming pool, and a community/leasing building. Of the 188 units, 11 are restricted to households earning at or below 30% of area median income (AMI), 61 units are restricted to 50% AMI, 69 are restricted at 60% of AMI, and the remaining 47 units are market rate. Utilizing HUD’s Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $10,600,000 with a 35-year term at a fixed interest rate.
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AGM & NAHB on Capitol Hill
Last week, the National Association of Home Builders held its Spring Legislative Conference and Leadership Meetings in Washington, DC. The Legislative Conference saw more than
