Lincoln Westmoreland Apartments

Lincoln Westmoreland Apartments is a 110 unit existing affordable community located in Washington D.C. The community was originally built in 1970. AGM obtained a $19,210,000 HUD insured mortgage under the 223f Acquisition program. Equity of approximately $6,800,000 was provided through the sale of 4% low income housing tax credits. The District of Columbia Housing Finance Agency (DCHFA) issued tax exempt bonds in the amount of $15,000,000. Repairs of approximately $2,360,000 were completed as a part of the transaction.