Hunting Creek Townhomes is an existing 35-unit affordable multi-family apartment community located in Alexandria, Virginia. Originally built in 1982, the property consists of eight separate two-story townhouse style buildings. All of the community’s units are covered by a long-term Project-based Section 8 contract. The units serve households whose incomes are at or below 50% and 60% of area median income. Utilizing HUD’s Section 223(f) refinance program, AGM obtained a FHA-insured mortgage of $6,600,000 with a 35-year term at a fixed interest rate.
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