South Acres Ranch

South Acres Ranch

South Acres Ranch is comprised of 80 two-story ranch-style single family rental homes, each containing four bedrooms and an attached garage.  It is located in Houston Texas.  Using HUD’s Section 223(f) program AGM obtained a $3,497,000 mortgage to retire conventional debt as well as a $750,000 loan from the Texas Department of Housing and Community Affairs through their Tax Credit Assistance Program.