Public Notices
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: Maine State Housing Authority (“MaineHousing”) intends to issue up to $216,100,000 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 (the “Projects”); (2) finance the Projects and reimburse interim financing of MaineHousing for the Projects; (3) reimburse qualified costs incurred with respect to Projects; and (4) 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, Manager, or Affiliate |
| Malta Street Senior Housing, 34 Galloway Lane (2.4+/- acre parcel of City of Augusta land behind 17 Malta Street), Augusta | 34 units | $11,875,000 | Malta Street Senior Housing LP |
| Sunridge Senior Housing, 140 Sunset Avenue, Bangor | 50 units | $17,625,000 | BHDC Sunset Ave 1, LP |
| Summer Block, 1 Summer Street & 87 Alfred Street, Biddeford | 32 units | $7,000,000 | Summer Street TC Associates, LP |
| Central Fire Station, 21 Town Hall Place, Brunswick | 5 units | $600,000 | DC Fire LLC |
| Iron Heights, 1 Summer Street, Gardiner | 32 units | $9,625,000 | Iron Heights LP |
| Martel School Apartments, 860 Lisbon Street, Lewiston | 44 units | $13,625,000 | Martel School Senior Housing LP |
| Millinocket Manor, 70 Spring Street, Millinocket | 37 units | $16,000,000 | PHS LP |
| Equality Community Housing, 25 Casco Street, Portland | 54 units | 20,250,000 | Equality Community LP |
| Franklin Towers, 211 Cumberland Avenue, Portland | 200 units | $71,000,000 | Franklin Towers, LP |
| Patriot Place, 16 Patriots Lane, Sanford | 40 units | $11,375,000 | Avesta Patriot Place LP |
| 3iHome at The Downs, 204 Scarborough Downs Road (Lot 6 of The Downs – Town Center Subdivision), Scarborough | 51 units | $20,375,000 | POAH 3iHome LLC |
| King Street Apartments, 52 King Street, Waterville | 37 units | $16,750,000 | King Street Associates LP |
STATUTORY AUTHORITY: 30-A MRSA §§4722(1), 4741, and 4871; 26 USC §§142 and 147(f).
DATE OF HEARING: Friday, September 27, 2024 at 9:00 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- 453-3026, Meeting ID #033110923.
COMMENTS: Oral comments may be presented at the hearing. Written comments may be submitted to MaineHousing through the date of the hearing.
CONTACT: Jodie Stevens, Counsel, Maine State Housing Authority, 26 Edison Drive, Augusta, Maine 04330-6046; Telephone Number: 1-800-452-4668 (voice in state only), (207) 626-4600 (voice), or 711 (Maine Relay).
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