BALTIMORE, Maryland, January 1, 2021 — AGM Financial Services (AGM) donated a total of $100,000 to four Baltimore nonprofit organizations. Recipients will receive a $25,000 unrestricted grant that allows each organization to spend the donation to further its mission as it sees fit and for any legal purpose it chooses.
“As a Baltimore-based company, much of AGM’s success comes from right here at home,” says Margaret Allen, CEO. “The Donor Fund is simply a way for us to give back to the community that gave us our start 30 years ago.”
Recipients of the 2021 grant donations include:
Catherine’s Family and Youth Services’ goal is to dispel the misconceptions surrounding inner city and underserved neighborhoods.
From the outside looking in, people see discord and complacency. We see a community filled with future leaders, artists, educators, doctors, and people with an overall story to tell that could change the lives of others. Our community-based services intend to empower and enrich the lives of the residents living in Northwest Baltimore City with the courage to be who they want to be regardless of their circumstances.
Thread harnesses the power of relationships to create a new social fabric of diverse individuals deeply engaged with young people facing the most significant opportunity and achievement gaps. Our community is committed to ending social isolation and building a more equitable culture in which everyone thrives.
The Holistic Life Foundation, a 501(c) (3) BIPOC-led nonprofit based in Baltimore, Maryland, is dedicated to enhancing the social, educational, emotional, and environmental well-being of underserved communities. Through yoga, mindfulness, and health initiatives, we empower individuals and families, emphasizing the vital connection between people and their environment.
Founded by Ali Smith, Atman Smith, and Andres Gonzalez in 2001, the Holistic Life Foundation has served over 200,000 students and adults in more than 100 schools and communities nationwide, providing over 50,000 hours of training
UE’s mission is simple: reduce summer learning loss. Provide specialty, multipurpose and academic programs for students year-round to minimize academic loss when school-aged children are out of school for extended times. Our programs and activities include financial literacy, free dental screenings, aviation-aerospace, cooking with whole foods, athletic activities, the arts, writing, swim lessons, bullying prevention, sign language and CPR for children.
“As a Baltimore-based company, much of AGM’s success comes from right here at home,” says Myles Perkins, President & Owner. “The Donor Fund is simply a way for us to give back to the community that gave us our start over 30 years ago.“
AGM is a privately held company based in Baltimore, Maryland, and a nationwide licensed FHA Mortgagee (lender) providing financing for both Market Rate and Affordable Housing communities.
AGM arranges federally insured mortgages for apartment projects under FHA’s MAP (Multifamily Accelerated Processing) program. AGM is also an approved Lender for FHA’s Low Income Housing Tax Credit Pilot Program and is very active in the Rental Assistance Demonstration (RAD) Program.
AGM offers fixed-rate, non-recourse loans for new construction or substantial rehabilitation pursuant to Sections 220, 221(d), & 231 of the National Housing Act and for acquisition or refinance of existing apartment communities pursuant to Section 223(f). AGM finances supplemental renovation loans using Section 241(a) and refinances Section 202 properties using the most appropriate loan insurance program. AGM also refinances currently insured properties using Section 223(a)(7) and offers Interest Rate Reductions.
About AGM Financial Services
Founded in 1990, AGM is a leading FHA lender and GNMA seller/servicer. From new construction and substantial rehab to acquisition or refinance — AGM gets the deal done. Family-owned with over 30 years of experience, the firm has closed over $9 billion in FHA-insured multifamily project loans nationwide. We underwrite, fund, and service all of our loans. Developers and owners can count on AGM to be accessible, transparent, consistent, and ready to lend. To learn more about AGM, call 800.729.4266 or visit agmfinancial.com.
Media Contact
Dina Wasmer
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[email protected]
www.incitecmo.com
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