Notice of Public Hearing

Notice of public hearing

NOTICE OF TELEPHONIC PUBLIC HEARING BY THE NORTH CAROLINA HOUSING FINANCE AGENCY REGARDING THE FINANCING OF A MULTIFAMILY HOUSING DEVELOPMENT 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 revenue bonds (the “Bonds”) for the purpose of (a) financing the acquisition, construction, improvement, equipping and furnishing of a multifamily residential housing development to be known as Johnson Court Apartments and (b) paying certain fees and expenses incurred in connection with the issuance and sale of the Bonds.

The development to be financed with the proceeds of the Bonds is an approximately 70-unit complex to be located at 2228 Kay Drive in Smithfield, North Carolina, to be owned by Johnson Court Housing Partners, LP, a North Carolina limited partnership, and managed by Vitus Development IV, LLC, Seattle, Washington, or an affiliate thereof.  The aggregate principal amount of Bonds to be issued for such development shall not exceed $8,000,000.

The Agency will hold a public hearing with respect to the issuance of its Bonds to finance a portion of the cost of the development on June 18, 2021 at 10:00 a.m. at which time any person may be heard regarding the issuance of the Bonds. In light of the on-going public health emergency caused by the COVID-19 pandemic, the Agency will hold the public hearing by telephonic conference call.  Any person wishing to comment on the development 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 S. Carrie Freeman, Chief Financial Officer, North Carolina Housing Finance Agency, 3508 Bush Street, Raleigh, North Carolina 27609.

Following the holding of the public hearing, the Agency intends to submit the comments received to the Governor of the State of North Carolina and request approval of the issuance of the Bonds for the development.

NORTH CAROLINA HOUSING FINANCE AGENCY

By:  S. Carrie Freeman

Chief Financial Officer

Press &
Investors

North Carolina Housing Finance Agency / 3508 Bush Street / Raleigh, NC 27609 / 919-877-5700

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All information contained on the following Web pages is obtained from the Agency’s books and records, and is believed to be accurate and reliable. Reference should be made to the official statement and operative documents of each series of bonds referred to herein for complete information on that issue. Because of the possibility of human and mechanical error as well as other factors, this information is provided "as is" without warranty of any kind and no representation or warranty, expressed or implied, is made, nor should any be inferred, as to the accuracy, timeliness, or completeness of this information. Under no circumstances shall North Carolina Housing Finance Agency have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any error (on account of neglect or otherwise) or other circumstance involved in procuring, collecting, compiling, interpreting, analyzing, editing, transcribing, transmitting, communicating or delivering this information, or (b) any direct, indirect, special, consequential, or incidental damages whatsoever, even if North Carolina Housing Finance Agency is advised in advance of the possibility of such damages, resulting from the use of, or inability to use, any such information. This information relates to bond issues of the North Carolina Housing Finance Agency that have been sold and distributed in underwritten public offerings described in the related official statements. Each viewer of the aforementioned information acknowledges that (i) the North Carolina Housing Finance Agency is not now by this document offering any bonds or other securities, nor soliciting an offer to buy any securities, (ii) this information is not to be construed as any description of the North Carolina Housing Finance Agency-such offerings are only made pursuant to the appropriate official statements of the North Carolina Housing Finance Agency, (iii) the information provided speaks only as of the date thereof and the North Carolina Housing Finance Agency has not in any way undertaken to update such information, and (iv) no representation is made as to the propriety or legality of any secondary market trading of the bonds or other securities of the North Carolina Housing Finance Agency by anyone in any jurisdiction. The financial condition of the North Carolina Housing Finance Agency may have changed since the date this information was prepared.

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