Walker Landing

Walker Landing

Walker Landing is a 155-unit family garden property in Elizabeth City, North Carolina. Using HUD’s Section 221(d) Substantial Rehabilitation program, AGM obtained a HUD-insured mortgage of $6,000,000 with a 40-year term plus the construction period. The mortgage was funded through the sale of tax-exempt bonds issued by the State of North Carolina through Elizabeth City. The new owner will spend $23,600 per unit to replace windows, roofs, HVAC, kitchens, and baths.