Greenspring Overlook is an existing 189-unit affordable rental property in Baltimore, Maryland. The project consists of 13 residential buildings including a leasing office/community building centrally located on the property. A long-term Section 8 contract covers 188 of the 189 units. Amenities at the property include a large community room, shared green space, a playground, and available daycare/after school services. Utilizing HUD’s Section 221(d)(4) program for substantial rehabilitation, AGM obtained a HUD-insured mortgage of $12,500,000 at a fixed interest rate and a 40-year term. Equity of approximately $9,529,577 was provided through the sale of 4% low-income housing tax credits (LIHTC). Additional sources include an EmPower loan, Rental Housing Program (RHP) loan, HOME loan, and Affordable Housing Program (AHP) loan.
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
