Victoria Park at Edgewater is a 102 unit existing senior apartment building located in Edgewater, Maryland. The property was originally financed in 2006 using HUD’s Section 231 program and 9% low income housing tax credits. Using HUD’s 223(a)(7) program for currently insured properties, AGM obtained a new insured mortgage of $4,600,000.

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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