Hunter’s Glen Apartments is an existing 100-unit multifamily community located in Clemson, South Carolina. Located on 11.19 acres of land, the project consists of 10 garden apartment buildings and a community building/leasing office. The community has one-bedroom, two-bedroom, and three-bedroom units. Twenty of the property’s units are covered under a Section 8 HAP contract and are restricted to lower income families. Utilizing HUD’s Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $5,440,000 with a 35-year term at a fixed interest rate.
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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
