Public Notices
Public Hearing - Proposed Issuance of Tax-Exempt Bonds for Multi-family Housing
BOND SIZE: The Maine State Housing Authority (“MaineHousing") intends to issue up to $75,000,000 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 taxexempt 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.
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Description of the Qualified Residential Rental Projects |
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Project Name and Location (Maine) |
Number of Units/Beds |
Principal Amount |
Initial Owner or its General Partner; Operator or Manager (or affiliate) |
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Glenridge Gardens Apartments, 81, 82, 91, 96, 101 and 106 Glenridge Drive, Augusta |
120 |
$4,300,000 |
Glenridge Housing Associates Limited Partnership |
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Water Street Apartments, 98 Water Street, Augusta |
24 |
$3,300,000 |
Water Street Apartments, LLC |
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Corundel Commons, 14 Hill Street, Corinna |
20 |
$1,700,000 |
Corundel Commons Senior Housing Associates Limited Partnership |
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Morning View (a/k/a Sunrise Terrace), 1-25 Sunrise Terrace Street, Fort Fairfield |
25 |
$700,000 |
Morningview, LLC |
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Foxwell at Kittery, 21 Monson Avenue, Kittery |
50 |
$700,000 |
Barry Park Housing Corporation |
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Dominican Court Apartments, 56 Birch Street, Lewiston |
45 |
$700,000 |
Birch Street LLC |
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River Valley Village Apartments, 24 Tall Pines Drive and 84 Strawberry Avenue, Lewiston |
296 |
$7,700,000 |
River Valley Village Associates, L.P. |
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Casco Terrace, 41 State Street, Portland |
27 |
$4,700,000 |
Casco Terrace, LP |
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Congress Square, 10 Congress Square Plaza, Portland |
160 |
$11,300,000 |
Plaza Associates at Congress Square, L.P. |
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Townhouses at Ocean East 2, 10 Sanctuary Lane, Portland |
54 |
$8,400,000 |
Ocean East of Portland 2, LLC |
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Walker Terrace, One Walker Street, Portland |
40 |
$6,300,000 |
Walker Terrace, LP |
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YMCA Apartments, 231 High Street, Portland |
32 |
$3,000,000 |
Young Men’s Christian Association of Southern Maine |
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Stevens Green, 5 Lovejoy Street, Rockland |
26 |
$2,400,000 |
Community Housing of Maine, Inc. |
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Patriot Place, 16 Patriot Lane, Sanford |
40 |
$4,000,000 |
Patriot Place Associates Sanford, LP |
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Brick Hill, 2 Townhouse Drive, South Portland |
66 |
$7,300,000 |
Maple Grove Elderly Housing Corporation |
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Unity Gardens, 124 Tandberg Trail, Windham |
24 |
$1,100,000 |
YC Manchester Woods LP |
STATUTORY AUTHORITY: 30-A MRSA §§4722(1), 4741, and 4871; 26 USC §§142 and 147(f).
DATE OF HEARING: Monday, March 14, 2022 at 2:00 p.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 #1477756786.
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).
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