Request for Comment
Pursuant to G.S. 150B-21.3A, Periodic Review and Expiration of Existing Rules, the following Initial Determination Report has been posted for public comment.
“Public comment” is defined by G.S. 150B-21.3A(a)(5) as a written objection to all or part of a rule. Additionally, pursuant to G.S. 150B-21.3A(c)(2), in order for the Rules Review Commission to determine whether the public comment has merit, the public comment must address the specific substance of the rule and address any of the standards of Commission review, as set forth in G.S. 150B-21.9(a).
Public comments will be accepted until March 2, 2026. Public comments should be submitted either via USPS mail to:
North Carolina Housing Finance Agency
ATTN: Bettie Teasley, Rulemaking Coordinator
3508 Bush St
Raleigh, NC 27609
Or, via email to:
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NOTICE OF PUBLIC HEARING BY THE NORTH CAROLINA HOUSING FINANCE AGENCY REGARDING THE FINANCING OF THE ACQUISITION AND RENOVATION OF A MULTIFAMILY HOUSING PROJECT IN KANNAPOLIS, NORTH CAROLINA KNOWN AS WESTGREEN APARTMENTS WITH THE PROCEEDS OF TAX-EXEMPT BONDS
NOTICE IS HEREBY GIVEN to all interested persons that the North Carolina Housing Finance Agency (the “Agency”) has been requested to issue its multifamily housing revenue bonds in an amount not to exceed $25,000,000 (the “Bonds”) for the purpose of (a) financing the acquisition, renovation, rehabilitation, improvement, equipping and furnishing of an existing multifamily residential project located at 620 Atlantic Court in Kannapolis, North Carolina known as Westgreen Apartments (the “Project”) and (b) paying certain fees and expenses incurred in connection with the issuance and sale of the Bonds. The Project will be owned and operated by LIH Westgreen Preservation, LP, a North Carolina limited partnership, or its successors and assigns. The Project will be a qualified residential rental project as defined in Section 142(d) of the Internal Revenue Code of 1986, as amended).
Please take notice that the Agency will hold a public hearing with respect to the issuance of the Bonds to finance a portion of the cost of the Project on December 17, 2025 at 11:00 a.m. at which time any person may be heard regarding the issuance of the Bonds. The Agency will hold the public hearing by telephonic conference call. Any person wishing to comment on the facilities and proposed issuance of the Bonds by the Agency may do so by a toll free call to 888-804-1335, conference room 7914140. In addition, any person wishing to comment in writing on the issuance of the Bonds should do so prior to the date of such hearing to Brett Warner, Chief Financial Officer, North Carolina Housing Finance Agency, 3508 Bush Street, Raleigh, North Carolina 27609.
NORTH CAROLINA HOUSING FINANCE AGENCY
By: Brett Warner
Chief Financial Officer