Kenyon Street Apartments is an existing 18-unit multifamily project located in Washington, DC. Located on 0.17 acres of land, the project contains 18 project based Section 8 cooperative units in one, four-story building. The project was originally built in 1911 and was substantially rehabilitated in 1983, and again in 2010. Utilizing HUD’s Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $1,426,100 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