Tanglewood Apartments is an existing 132 unit affordable community located in Silver Spring, Maryland. The community was originally built in 1949 and substantially rehabilitated with Low Income Housing Tax Credits in 2013. AGM obtained a $12,510,000 HUD insured mortgage under the 223f Refinance program with a 35 year term and a fixed interest rate.
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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
