Skip to main content

Search form

Notice of Public Hearing | Request for Comment

The NC Housing Finance Agency occasionally hosts public hearings and public comment periods. See the open notices of public hearing and comments below.


NOTICE OF TELEPHONIC PUBLIC HEARING BY THE NORTH CAROLINA HOUSING FINANCE AGENCY REGARDING THE FINANCING OF A MULTIFAMILY HOUSING DEVELOPMENT IN KANNAPOLIS, NORTH CAROLINA WITH THE PROCEEDS OF TAX-EXEMPT BONDS

NOTICE IS HEREBY GIVEN to all interested persons that the North Carolina Housing Finance Agency (the “Agency”) has been requested to issue one or more series of its revenue bonds (the “Bonds”) pursuant to a plan of finance for the purpose of (a) financing the acquisition, construction, improvement, equipping and furnishing of a multifamily residential housing development to be known as South Emerson Hills Apartment Homes and (b) paying certain fees and expenses incurred in connection with the issuance and sale of the Bonds.

The development to be financed with the proceeds of the Bonds is an approximately 198-unit complex to be located at 320 North Avenue Extension in Kannapolis, North Carolina, to be owned by Pedcor Investments-2020-CLXXIX, L.P., an Indiana limited partnership, and managed by Pedcor Investments, A Limited Liability Company, its Manager, or an affiliate thereof.  The aggregate principal amount of Bonds to be issued for such development shall not exceed $38,000,000.

The Agency will hold a public hearing with respect to the issuance of its Bonds to finance a portion of the cost of the development on May 24, 2022 at 11:30 a.m. at which time any person may be heard regarding the issuance of the Bonds. The Agency will hold the public hearing by telephonic conference call.  Any person wishing to comment on the development and proposed issuance of the Bonds by the Agency may do so by a toll free call to 888-804-1335, conference room 7914140.  In addition, any person wishing to comment in writing on the issuance of the Bonds should do so prior to the date of such hearing to Brett Warner, as Hearing Officer on behalf of the North Carolina Housing Finance Agency, 3508 Bush Street, Raleigh, North Carolina 27609.

Following the holding of the public hearing, the Agency intends to submit the comments received to the Governor of the State of North Carolina and request approval of the issuance of the Bonds for the development.

NORTH CAROLINA HOUSING FINANCE AGENCY

By:  Brett Warner

Interim Chief Financial Officer

Hearing Officer