Public Notices

Notice of Public Hearing on Proposed Issuance of Tax-Exempt Bonds for Multi-family Housing

MAINE STATE HOUSING AUTHORITY

Notice of Public Hearing on Proposed Issuance of Tax-Exempt Bonds for Multi-family Housing

BOND SIZE: The Maine State Housing Authority (“MaineHousing") intends to issue up to $300,000,000 of tax-exempt bonds (the “Bonds”), in one or more series or in conjunction with other series, including a common plan of finance as contemplated by Section 147(f) (2)(c) of the Internal Revenue Code, the proceeds of which will be used to: (1) redeem and refund certain tax-exempt facility bonds of MaineHousing, the proceeds of which were used to finance qualified residential rental projects described below; (2) finance qualified residential rental projects described below; and (3) finance the costs of issuance, reserve funds and other valid purposes of MaineHousing.

Description of the Qualified Residential Rental Projects
Project Name and Location (Maine)	Number of Units/Beds	Principal Amount	Initial Owner or its General Partner; Operator or Manager (or affiliate)
Glenridge Gardens, 82 Glenridge Drive, Augusta	120	$15,000,000	Glenridge Housing Associates Limited Partnership
Milford Place, Milford Street Extension, Bangor	40	$10,500,000	MP LP
Davis Road Senior Housing, 300 Davis Road, Bangor	32	$8,500,000	Davis Road Senior Housing, Limited Partnership
115 Congress Street, 115 Congress Street, Belfast	36	$9,200,000	DC 115 Congress LP
Belfast Birches, 32 School Street, Belfast	24	$4,600,000	32 BB School St., LP
Adams Point, 69 Adams Street, Biddeford	39	$12,400,000	Adams Point LP
Harrison Ridge, 15 Harrison Road, Bridgton	48	$12,700,000	Developers Collaborative Predevelopment LLC
Highland Park Apartments, Highland Ave., Camden	44	$6,900,000	JMC Partners, LLC
Hartland Senior Living Apartments II, 136 Crosby Street, Hartland	30	$7,600,000	KVCAP Real Estate Development, Inc.
Lewiston Choice Site 1/Dewitt, 40-60 Pine Street, Lewiston	71	$20,600,000	Choice Dewitt LP
Lewiston Choice Site 2/Wedgewood, Pine/Bartlett/ Walnut/Pierce Block, Lewiston	74	$25,400,000	Choice Wedgewood LP
Picker House Lofts, 2 Cedar Street, Lewiston	72	$23,800,000	Picker House Lofts, LP
Raise-Op Housing Cooperative, 186-198 Blake St., 84 Walnut St., 94 Howe St., Lewiston	18	$7,100,000	Raise-Op Housing Cooperative
Farwell Mills, 244 Lisbon Street, Lisbon	96	$17,300,000	Realty Resources Management LLC
The Equinox, 73 Winter Street, Portland	43	$13,700,000	Equinox Housing Partners LP
North Deering Gardens, 246 Auburn Street, Portland	164	$31,000,000	246 Auburn Associates, LLC
Winter Landing, 91 Winter Street, Portland	52	$14,200,000	Winter Street Development GP LLC
Avesta US Route One, 246 US Route One, Scarborough	31	$8,600,000	Avesta US Route One LP
Jocelyn Place, 41 Little Dolphin Drive, Scarborough	60	$19,300,000	Oak Hill Senior Housing, LP
Fairview Commons, 27 Hackmatack Road, Topsham	38	$13,600,000	Housing Associates of Topsham LP
The Terrace at Vertical Way, Intersection of Mechanic Street and William Clark Drive (Rt. 25), Westbrook	60	$19,000,000	Community Housing of Maine, Inc.
Millbrook Estates, 300 East Bridge Street, Westbrook	100	$20,500,000	Millbrook Estates I, LP

STATUTORY AUTHORITY: 30-A MRSA §§4722(1), 4741, and 4871; 26 USC §§142 and 147(f).

DATE OF HEARING: Thursday, December 2, 2021 at 10:30 a.m., at Maine State Housing Authority, 26 Edison Drive, Augusta, Maine. The hearing room is accessible to persons with physical disabilities and, upon sufficient notice, appropriate communication auxiliary aids will be provided for persons with disabilities. For toll-free access to the meeting, please call 1-888-623-4196, Meeting ID #1471421897.

COMMENTS: Oral comments may be presented at the hearing. Written comments may be submitted to MaineHousing through the date of the hearing.

CONTACT: Linda Uhl, Chief Counsel, Maine State Housing Authority, 26 Edison Drive, Augusta, Maine 04330-4633; Telephone Number: 1-800-452-4668 (voice in state only),(207) 626-4600 (voice), or 711 (Maine Relay).

Return to all public notices.