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Notice of Public Hearing | Request for Comment

 

NOTICE OF PUBLIC HEARING BY THE NORTH CAROLINA HOUSING FINANCE AGENCY REGARDING THE FINANCING OF MULTIFAMILY HOUSING 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 (the “Bonds”) for the purpose of (a) financing the acquisition, renovation, improvement, equipping and furnishing of certain multifamily residential projects and (b) paying certain fees and expenses incurred in connection with the issuance and sale of the Bonds.

The facilities to be financed with the proceeds of the Bonds will be qualified residential rental projects (as defined in Section 142(d) of the Internal Revenue Code of 1986, as amended) and are located at the following locations and owned by the following entities or an affiliate thereof:

(a) A 18-unit complex known as Berry Park Apartments located at 624 N. Wilkes Street in Chadbourn, North Carolina, to be owned by Berry Park NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $852,000.

(b) A 36-unit complex known as British Woods Apartments located at 801 E. Littleton Road in Roanoke Rapids, North Carolina, to be owned by British Woods NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $1,105,000.

(c) A 29-unit complex known as Brittany Place Apartments located at 210 Brittany Place in Washington, North Carolina, to be owned by Brittany Place NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $1,538,000.

(d) A 32-unit complex known as Brookside Apartments located at 302 Austin Street in Maxton, North Carolina, to be owned by Brookside Village NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $927,000.

(e) A 16-unit complex known as Burnside Village Apartments located at 17 Burnside Village Lane in Hookerton, North Carolina, to be owned by Burnside Village NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $775,000.

(f) A 24-unit complex known as Chadwick Place Apartments located at 101-111 Chadwick Place Drive in Chadbourn, North Carolina, to be owned by Chadwick Place NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $948,000.

(g) A 24-unit complex known as Gooden Village Apartments located at 412 E. Swanzy Street in Elizabethtown, North Carolina, to be owned by Gooden Village NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $1,099,000.

(h) A 31-unit complex known as Pine Ridge Apartments located at 195 Jaynes Road in Newland, North Carolina, to be owned by Pine Ridge NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $1,375,000.

(i) A 24-unit complex known as Piney Pointe Apartments located at 103 Piney Point Drive in Hamlet, North Carolina, to be owned by Piney Pointe NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $1,040,000.

(j) A 36-unit complex known as Ridgeview Apartments located at 218 E. Whitehead Street in Sparta, North Carolina, to be owned by Ridgeview NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $1,425,000.

(k) A 32-unit complex known as Ridgeway Apartments located at First Avenue Circle SE in Taylorsville, North Carolina, to be owned by Ridgeway NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $1,146,000.

(l) A 27-unit complex known as River Park Apartments located at 93 Wind Crest Ridge in Sylva, North Carolina, to be owned by River Park NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $1,204,000.

(m) A 20-unit complex known as Scotland Arms Apartments located at 214 E. 11th Street in Scotland Neck, North Carolina, to be owned by Scotland Arms NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $764,000.

(n) A 32-unit complex known as Woodfield Apartments located at 1208 S. Walnut Street in Fairmont, North Carolina, to be owned by Woodfield Apts NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $1,296,000.

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 facilities on June 3, 2024 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

 

Press &
Investors

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

Disclaimer (please scroll and read, then proceed below)

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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