Woods Edge Senior Apartments is an existing 97-unit affordable independent living senior apartment community located in Charlottesville, Virginia. Originally built in 2001, the project consists of one three-story elevator-serviced building. The project serves seniors with incomes below 60% of area median income (AMI). Utilizing HUD’s Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $8,000,000 with a 35-year term at a fixed interest rate.
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