Heritage Park II is a 102-unit existing income-restricted property located in Fredericksburg, Virginia that was originally built in 1972 and renovated in 2003. The 2003 renovation was financed by AGM under the HUD 221(d)(4) program. Using the HUD 223(a)(7) program for currently insured properties AGM was able to reduce the interest rate with a new mortgage of $4,588,300.
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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
