Orchard Ridge is a 100-unit affordable apartment community located in Baltimore, Maryland. The project includes 20 one-bedrooms, 48 two-bedrooms, 30 three-bedrooms, and 2 four-bedrooms plus a 3,700 square foot community center. The project was built in 2007 using the HUD Section 221(d)(4) program. Using the HUD Interest Rate Reduction program for currently insured properties, AGM reduced the interest rate with a new mortgage of $3,369,279 and increased cash flow.
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There are Encouraging Signs, But No Clear Direction…Yet
Long-term rates have been rising since their recent lows in September. The bond market is reacting to uncertainty – uncertainty about inflation, jobs, tariffs, tax
