Public Notices



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

Thursday, December 2, 2021

MAINE STATE HOUSING AUTHORITY

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

BOND SIZE:  The Maine State Housing Authority (“MaineHousing") intends to issue up to $300,000,000 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 or Manager (or affiliate)

Glenridge Gardens, 82 Glenridge Drive, Augusta

120

$15,000,000

Glenridge Housing Associates Limited Partnership

Milford Place, Milford Street Extension, Bangor

40

$10,500,000

MP LP

Davis Road Senior Housing, 300 Davis Road, Bangor

32

$8,500,000

Davis Road Senior Housing, Limited Partnership

115 Congress Street, 115 Congress Street, Belfast

36

$9,200,000

DC 115 Congress LP

Belfast Birches, 32 School Street, Belfast

24

$4,600,000

32 BB School St., LP

Adams Point, 69 Adams Street, Biddeford

39

$12,400,000

Adams Point LP

Harrison Ridge, 15 Harrison Road, Bridgton

48

$12,700,000

Developers Collaborative Predevelopment LLC

Highland Park Apartments, Highland Ave., Camden

44

$6,900,000

JMC Partners, LLC

Hartland Senior Living Apartments II, 136 Crosby Street, Hartland

30

$7,600,000

KVCAP Real Estate Development, Inc.

Lewiston Choice Site 1/Dewitt, 40-60 Pine Street, Lewiston

71

$20,600,000

Choice Dewitt LP

Lewiston Choice Site 2/Wedgewood, Pine/Bartlett/ Walnut/Pierce Block, Lewiston

74

$25,400,000

Choice Wedgewood LP

Picker House Lofts, 2 Cedar Street, Lewiston

72

$23,800,000

Picker House Lofts, LP

Raise-Op Housing Cooperative, 186-198 Blake St., 84 Walnut St., 94 Howe St., Lewiston

18

$7,100,000

Raise-Op Housing Cooperative

Farwell Mills, 244 Lisbon Street, Lisbon

96

$17,300,000

Realty Resources Management LLC

The Equinox, 73 Winter Street, Portland

43

$13,700,000

Equinox Housing Partners LP

North Deering Gardens, 246 Auburn Street, Portland

164

$31,000,000

246 Auburn Associates, LLC

Winter Landing, 91 Winter Street, Portland

52

$14,200,000

Winter Street Development GP LLC

Avesta US Route One, 246 US Route One, Scarborough

31

$8,600,000

Avesta US Route One LP

Jocelyn Place, 41 Little Dolphin Drive, Scarborough

60

$19,300,000

Oak Hill Senior Housing, LP

Fairview Commons, 27 Hackmatack Road, Topsham

38

$13,600,000

Housing Associates of Topsham LP

The Terrace at Vertical Way, Intersection of Mechanic Street and William Clark Drive (Rt. 25), Westbrook

60

$19,000,000

Community Housing of Maine, Inc.

Millbrook Estates, 300 East Bridge Street, Westbrook

100

$20,500,000

Millbrook Estates I, LP


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

DATE OF HEARING: Thursday, December 2, 2021 at 10:30 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 #1471421897.

COMMENTS: Oral comments may be presented at the hearing. Written comments may be submitted to MaineHousing through the date of the hearing.

CONTACT: Linda Uhl, Chief Counsel, Maine State Housing Authority, 26 Edison Drive, Augusta, Maine 04330-4633; Telephone Number: 1-800-452-4668 (voice in state only),(207) 626-4600 (voice), or 711 (Maine Relay).

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