Golden Ring is an existing 153-unit affordable elderly community located in Essex, MD. Utilizing HUD’s Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $6,301,400 with a 35-year term at a fixed interest rate. Maryland DHCD issued tax-exempt bonds in the amount of $10,000,000. Equity of approximately $5,513,000 was provided through the sale of 4% low income housing tax credits and a Rental Housing Works loan of $1,950,000 was provided from Maryland CDA. Project sources allowed for approximately $30,000 per unit in renovations.
Press Releases
AGM Financial Services’ Matt Daddio Appointed to Howard County Housing and Community Development Board
BALTIMORE, September 26, 2024 – AGM Financial Services is proud to announce that Matt Daddio, Deputy Chief Underwriter, Vice President at AGM, has been appointed
