Notice of Public Hearing | Request for Comment

We invite your comments for the 2024 Annual Action Plan and 2023 CAPER. This comment period will be open from April 2, 2024 through 5:00 pm on May 1, 2024. 

Written comments will be accepted until 5:00 pm, May 1, 2024 and can be made via email to [email protected], by fax to 919-715-0096 or postal mail to John F. Brooks, Attn: Public Comment, Rural Economic Development Division, 4346 Mail Service Center, Raleigh, NC 27699-4346. All mailed comments must be postmarked no later than May 1, 2024. 

In addition, a virtual public hearing to present this report and take your comments will be held on Tuesday, April 16, 2024 from 10:00 am to 1:00 pm. 

To join this public hearing, you may use either Microsoft Teams software or dial in by phone:

Join on your computer, mobile app or room device: 
Meeting ID: 238 063 523 241 
Passcode: ZdvdgR
 
Join by phone: 
+1 984-204-1487 
Phone Conference ID: 597 022 186#

 


NOTICE OF PUBLIC HEARING BY THE NORTH CAROLINA HOUSING FINANCE AGENCY REGARDING THE FINANCING OF MULTIFAMILY HOUSING 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 its multifamily housing revenue bonds (the “Bonds”) for the purpose of (a) financing the acquisition, renovation, improvement, equipping and furnishing of certain multifamily residential projects and (b) paying certain fees and expenses incurred in connection with the issuance and sale of the Bonds.

The facilities to be financed with the proceeds of the Bonds will be qualified residential rental projects (as defined in Section 142(d) of the Internal Revenue Code of 1986, as amended) and are located at the following locations and owned by the following entities or an affiliate thereof:

(a) A 18-unit complex known as Berry Park Apartments located at 624 N. Wilkes Street in Chadbourn, North Carolina, to be owned by Berry Park NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $852,000.

(b) A 36-unit complex known as British Woods Apartments located at 801 E. Littleton Road in Roanoke Rapids, North Carolina, to be owned by British Woods NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $1,105,000.

(c) A 29-unit complex known as Brittany Place Apartments located at 210 Brittany Place in Washington, North Carolina, to be owned by Brittany Place NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $1,538,000.

(d) A 32-unit complex known as Brookside Apartments located at 302 Austin Street in Maxton, North Carolina, to be owned by Brookside Village NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $927,000.

(e) A 16-unit complex known as Burnside Village Apartments located at 17 Burnside Village Lane in Hookerton, North Carolina, to be owned by Burnside Village NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $775,000.

(f) A 24-unit complex known as Chadwick Place Apartments located at 101-111 Chadwick Place Drive in Chadbourn, North Carolina, to be owned by Chadwick Place NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $948,000.

(g) A 24-unit complex known as Gooden Village Apartments located at 412 E. Swanzy Street in Elizabethtown, North Carolina, to be owned by Gooden Village NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $1,099,000.

(h) A 31-unit complex known as Pine Ridge Apartments located at 195 Jaynes Road in Newland, North Carolina, to be owned by Pine Ridge NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $1,375,000.

(i) A 24-unit complex known as Piney Pointe Apartments located at 103 Piney Point Drive in Hamlet, North Carolina, to be owned by Piney Pointe NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $1,040,000.

(j) A 36-unit complex known as Ridgeview Apartments located at 218 E. Whitehead Street in Sparta, North Carolina, to be owned by Ridgeview NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $1,425,000.

(k) A 32-unit complex known as Ridgeway Apartments located at First Avenue Circle SE in Taylorsville, North Carolina, to be owned by Ridgeway NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $1,146,000.

(l) A 27-unit complex known as River Park Apartments located at 93 Wind Crest Ridge in Sylva, North Carolina, to be owned by River Park NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $1,204,000.

(m) A 20-unit complex known as Scotland Arms Apartments located at 214 E. 11th Street in Scotland Neck, North Carolina, to be owned by Scotland Arms NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $764,000.

(n) A 32-unit complex known as Woodfield Apartments located at 1208 S. Walnut Street in Fairmont, North Carolina, to be owned by Woodfield Apts NC, LLC.  The aggregate principal amount of Bonds to be issued for such project shall not exceed $1,296,000.

Please take notice that the Agency will hold a public hearing with respect to the issuance of the Bonds to finance a portion of the cost of the facilities on June 3, 2024 at 11:00 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 facilities 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, Chief Financial Officer, North Carolina Housing Finance Agency, 3508 Bush Street, Raleigh, North Carolina 27609.

NORTH CAROLINA HOUSING FINANCE AGENCY

By: Brett Warner, Chief Financial Officer