Hartford Village is an 84 unit new construction community limited to tenants 62 years of age or older, located in in Detroit, Michigan. The property features 64 market rate units and 20 affordable units. Utilizing HUD’s Section 231 New Construction program for insurance advances, AGM obtained a HUD insured mortgage of $11,800,700 at a fixed interest rate with a 40 year term. Secondary sources include $1,000,000 in Wayne County Home Funds, $1,493,000 in Detroit City Home funds and $650,000 in Detroit City Neighborhood Stabilization Program funds.
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When the ball stops rolling…
The way to catch a knuckleball is to wait until it stops rolling and then pick it up. – Bob Uecker In baseball, the knuckleball
