GrandeVille on Avalon Park is a 487-unit apartment complex comprised of 33 one and two story buildings built in 2008, located in Orlando, Florida. AGM obtained a $59,925,000 HUD- insured mortgage under the Section 223(f) program and a waiver of the three-year rule. The project includes 165 one-bedroom units, 233 two-bedroom units and 89 three-bedroom unit. The extensive community amenities include a clubhouse with a full-size indoor basketball court and a resort style swimming pool with an outdoor summer kitchen.

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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