Sterling Green Village Apartment Homes

Sterling Green Village Apartment Homes is an existing 150-unit affordable multifamily apartment community located in Channelview, Texas.  The project is located on 16.34 acres of land and consists of 150 one and two-story buildings and a separate clubhouse building.  All of the units are restricted to tenants earning at or below 60% of area median income (AMI).  Utilizing HUD’s Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $13,248,000 with a 35-year term at a fixed interest rate.