Progression Place is a 205-unit mixed use retail and apartment community located in Washington D.C’s Shaw neighborhood. Using HUD’s Section 221d4 program for substantial rehabilitation, AGM obtained a HUD-insured mortgage of $53,147,200 with a fixed interest rate over 40 years. Existing historic structures were renovated and integrated with a new building containing the majority of project area. Additional debt was provided to the project by the D.C. Department of Housing and Community Development, and the D.C. Office of the Deputy Mayor for Planning and Economic Development.
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When the ball stops rolling…
The way to catch a knuckleball is to wait until it stops rolling and then pick it up. – Bob Uecker In baseball, the knuckleball
