South Acres Ranch is comprised of 80 two-story ranch-style single family rental homes, each containing four bedrooms and an attached garage. It is located in Houston Texas. Using HUD’s Section 223(f) program AGM obtained a $3,497,000 mortgage to retire conventional debt as well as a $750,000 loan from the Texas Department of Housing and Community Affairs through their Tax Credit Assistance Program.
Blog Articles
February Pulse Check: Despite the Headlines, with FHA You Can Fix Your Rate & Forget It
The change in Administration brought with it a flood of news about agency closings, furloughs, buyouts, and the like. It’s been tough to keep up.
