Public Notices


Notice of Public Hearing on Proposed Issuance of Tax-Exempt Bonds for Multi-family Housing


Sep 6, 2022, 14:00 PM

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 $530,900,000 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

99 Western, 99 Western Ave., Augusta 38 $10,300,000 Mastway Development LLC
Berry Park Apts., 27-81 Raymond St., Biddeford 46 $12,900,000 Everybody Loves Raymond St LP
Summer Block, 1 Summer Block & 87 Alfred St., Biddeford 32 $5,400,000 Phoenix Management Corp.
Harrison Ridge, 6 Crockett Street (15 Harrison Road), Bridgton 48 $8,800,000 DC 15 Harrison LP
Lot 1, Brunswick Landing Housing Subdivision, Enterprise Drive, Brunswick 36 $3,100,000 DC Landing 2 LLC
Meadowview, 16 Hancock St., Gray 20 $4,200,000 Avesta Housing Management Corporation
Hartland Senior Living Apartments II, 74 Elm Street, Hartland 30 $7,600,000 Hartland Senior Housing Associates II Limited Partnership
Dominican Court Apts., 56 Birch St., Lewiston 45 $9,100,000 56 Birch Street, LLC
Place Ste. Marie, 64 & 74 Oxford St., Lewiston 40 $12,900,000 Preservation Management, Inc.
Wedgewood, 91, 101 & 111 Pine Street, 69, 74-75, 78-79 & 82 Pierce Street, and 107, 111, 114-115 & 119 Bartlett Street, Lewiston 82 $56,900,000 Choice Wedgewood LP
Lisbon Senior Village, 9 Gartley St., Lisbon 20 $5,400,000 9 Gartley Street, LLC
Meadowbrook Apartments, 6 Meadowbrook Rd., Livermore Falls 24 $5,100,000 6 Meadowbrook Road, LLC
70 Spring Street, Millinocket 32 - 39 $17,000,000 The Housing Foundation
45 Dougherty, 43 & 91 Douglass St. (45 Dougherty Court), Portland 63 $20,100,000 Libbytown Housing, LLC
Betsy Ross Crossing, 99 Preble St., So. Portland 52 $18,200,000 BRH Crossing, LP
Harbor Terrace, 284 Danforth St., Portland 120 $40,600,000 Harbor Terrace, LP
Lambert Woods North, 622 Auburn Street (2200 Washington Ave.), Portland 74 $29,300,000 Maine Cooperative Development Partners LLC
Munjoy South, 27 Mountfort St., Portland 106 $31,400,000 Avesta Housing Management Corporation
Riverton Park, 2 Riverton Drive, Portland 182 $99,600,000 Riverton Park, LP
Peasley Park, 118 Maverick St., Rockland 54 $13,300,000 Developers Collaborative Predevelopment LLC
Rumford Senior Living, 101 Hancock St., Rumford 33 $10,700,000 Developers Collaborative Predevelopment LLC
Sherwood Forest Apts., 3 Mountainview Terrace, Skowhegan 26 $6,600,000 Mountainview Terrace, LLC
Fairview Commons, 25 Hackmatack Road, Topsham 38 $13,600,000 Housing Associates of Topsham LP
Lockwood Mill, 6 & 8 Water St., Waterville 65 $20,200,000 NR Lockwood Phase I LP
Seton Tower, 30 Chase Avenue, Waterville 68 $30,000,000 Seton Tower, LLC
Stacy M. Symbol Apts., 216 Lincoln St. 
(60 Nicklaus Lane) Westbrook
60 $20,700,000 Symbol Apartments, LP
Stroudwater Apts., 160 Stroudwater St., Westbrook 55 $17,900,000 Stroudwater Apartments, LP

 

STATUTORY AUTHORITY:  30-A MRSA §§4722(1), 4741, and 4871; 26 USC §§142 and 147(f).

DATE OF HEARING:  Tuesday, September 6, 2022 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 #279232065.

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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26 Edison Drive, Augusta ME 04330
(800) 452-4668 \ (207) 626-4600
Fax (207) 626-4678 \ Maine Relay 711