New Hill Place Apartments is a 288-unit new construction market rate multifamily community located in Holly Springs, North Carolina. New Hill Place Apartments will consist of 12 three-story walk-up garden apartment buildings, one community building, detached garages and storage units. Utilizing HUD’s Section 221(d)(4) New Construction program for insurance advances, AGM obtained a HUD-insured mortgage of $42,339,600 at a fixed interest rate with a 40-year term.
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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
