MAINE STATE HOUSING AUTHORITY
Notice of Public Hearing on Proposed Issuance of
Tax-Exempt Bonds for Multifamily Housing
BOND SIZE: The Maine State Housing Authority (“MaineHousing") intends to issue up to $198,400,000 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 |
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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) |
Senior Housing at the Market Place, 75 Civic Center Drive, Augusta |
42 |
$8,750,000. |
Senior Living at the Market Place LP |
Oak Grove Commons, 301 Oak Grove Ave., Bath |
34 |
$6,250,000. |
Realty Resources Management LLC |
Senior Housing on Wight Street, 75 Wight Street, Belfast |
25 |
$5,650,000. |
DC 75 Wight LP |
Belfast Acres Estates, 80 Wight Street, Belfast |
24 |
$5,650,000. |
Belfast Acres, LLC |
Ellsworth Senior Housing, Oriole Way, Ellsworth |
29 |
$5,850,000. |
DC Oriole Senior LP |
Edgewater Village, 113 Willow Springs Drive, Farmington |
25 |
$6,000,000. |
Avesta Willow Springs LP |
Quarry Ridge, 60 Bow Street, Freeport |
34 |
$5,500,000. |
FHT Quarry Ridge LP |
Snow School Apartments, 11 Pine Street, Fryeburg |
28 |
$7,000,000. |
Avesta Snow School LP |
Hillside at Village Square, Land Unit 3, Ridgewood Condominium, 99 School Street, Gorham |
27 |
$6,750,000. |
Avesta Hillside LP |
Hartland Senior Living Apartments, 62 Elm Street (Route 51) Hartland |
30 |
$6,050,000. |
KVCAP Real Estate Development, Inc. |
Lewiston Mill Apartments, 3 Upper Floors of 35 Beech Street, Lewiston |
33 |
$9,400,000. |
Lewiston Mill Housing LP |
Livermore Terrace Apartments, 27 Depot Street, Livermore Falls |
25 |
$3,750,000. |
Avesta Livermore Terrace LP |
Stearns Assisted Living, 80 Maine Avenue, Millinocket |
45 |
$9,200,000. |
Stearns Assisted Living III, LLC |
Valley Street Senior Apartments, 204-210 Valley Street at the corner of C Street, Portland |
60 |
$14,150,000. |
Avesta Valley Street LP |
Unity Village at Bayside, the area bounded by Stone Street, Cumberland Avenue, Oxford Street, and Myrtle Street, Portland |
33 |
$5,000,000. |
Avesta Unity Village LP |
Middle Street Apartments, 83 Middle Street, Portland |
49 |
$12,050,000. |
Middle Street Housing Partners, L.P. |
Phoenix at Danforth, 66 State Street, Portland |
30 |
$6,900,000. |
Phoenix at Danforth LP |
North Deering Gardens, 246 Auburn Street, Portland |
164 |
$26,750,000. |
Pinecone Housing Corporation |
Bessey Commons II, One Bessey School Drive, Scarborough |
40 |
$9,650,000. |
Bessey Commons II, LP |
The Uplands, western side of Scarborough Downs Road north of, but not adjacent to, U.S. Route One, Scarborough (Part of Tax Map R052, Lot 004) |
39 |
$7,100,000. |
DC Uplands LP |
Mary Street Apartments, 26 Mary Street, Skowhegan, |
40 |
$9,950,000. |
Mary Street Associates LP |
Robert L. Harnois Apartments, 70 Ruth Hunton Court, Westbrook |
61 |
$13,850,000. |
Larrabee Heights II, LP |
Lewis H. Emery Apartments, 67 Ruth Hunton Court, Westbrook |
30 |
$7,200,000. |
Larrabee Heights III, LP |
STATUTORY AUTHORITY: 30-A MRSA §§4722(1), 4741, and 4871; 26 USC §§142 and 147(f).
DATE AND LOCATION OF HEARING: Tuesday, February 18, 2020 at 1:30 p.m., Maine State Housing Authority, 353 Water Street, 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.
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
353 Water Street
Augusta, Maine 04330-4633
1-800-452-4668 (voice in state only)
(207) 626-4600 (voice) or
711 (Maine Relay)
Published: February 10th, 2020
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