Hamilton Townhome Apartments is a 42-unit new construction market rate multifamily project located in Baltimore, Maryland. Located on 1.94 acres in the Frankford neighborhood of Northeast Baltimore, Hamilton Townhome Apartments will consist of three groupings containing two-story townhouse-style buildings with two-bedroom units on the first floor and three-bedroom units on the second floor. Utilizing HUD’s Section 221(d)(4) New Construction program for insurance advances, AGM obtained a HUD-insured mortgage of $7,396,800 at a fixed interest rate with a 40-year term.
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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
