Public Notices
Public Notice - 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 $208,000,000 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, Manager, or Affiliate |
Edgewater Village, Willow Springs Drive, Farmington | 25 units | $7,000,000 | Avesta Willow Springs LP |
Meadowview II, 16 Hancock Street, Gray | 26 units | $9,000,000 | Avesta Meadowview II LP |
DeWitt, 40, 54 & 60 Pine Street, Lewiston | 104 units | $40,000,000 | Choice DeWitt LP |
Place Ste. Marie, 64 & 74 Oxford Street, Lewiston | 40 units | $13,000,000 | Brisa Place Ste. Marie, LP |
Lambert Woods North, 2200 Washington Avenue (formerly 622 Auburn Street), Portland | 72 units | $29,000,000 | Lambert Woods North LLC |
89 Elm Apartments, 89 Elm Street, Portland | 201 units | $65,000,000 | 89 Elm Street Apartments LLC |
Peasley Park, 118 Maverick Street, Rockland | 49 units | $15,000,000 | DC Maverick LP |
Lockwood Mill, 6 & 8 Water Street, Waterville | 65 units | $30,000,000 | NR Lockwood Phase I LP |
DATE OF HEARING: Monday, August 21, 2023 at 10:00 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 1-888-623-4196, Meeting ID #1446035762.
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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