MAINE STATE HOUSING AUTHORITY
Notice of Public Hearing on Proposed Issuance of
Tax-Exempt Bonds for Multifamily Housing
BOND SIZE: The Maine State Housing Authority (“MaineHousing") intends to issue up to $198,400,000 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
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Project Name and Location (Maine)
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Initial Owner or its General Partner; Operator or Manager (or affiliate)
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Senior Housing at the Market Place, 75 Civic Center Drive, Augusta
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Senior Living at the Market Place LP
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Oak Grove Commons, 301 Oak Grove Ave., Bath
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Realty Resources Management LLC
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Senior Housing on Wight Street, 75 Wight Street, Belfast
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Belfast Acres Estates, 80 Wight Street, Belfast
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Ellsworth Senior Housing, Oriole Way, Ellsworth
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Edgewater Village, 113 Willow Springs Drive, Farmington
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Quarry Ridge, 60 Bow Street, Freeport
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Snow School Apartments, 11 Pine Street, Fryeburg
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Hillside at Village Square, Land Unit 3, Ridgewood Condominium, 99 School Street, Gorham
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Hartland Senior Living Apartments, 62 Elm Street (Route 51) Hartland
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KVCAP Real Estate Development, Inc.
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Lewiston Mill Apartments, 3 Upper Floors of 35 Beech Street, Lewiston
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Livermore Terrace Apartments, 27 Depot Street, Livermore Falls
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Avesta Livermore Terrace LP
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Stearns Assisted Living, 80 Maine Avenue, Millinocket
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Stearns Assisted Living III, LLC
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Valley Street Senior Apartments, 204-210 Valley Street at the corner of C Street, Portland
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Unity Village at Bayside, the area bounded by Stone Street, Cumberland Avenue, Oxford Street, and Myrtle Street, Portland
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Middle Street Apartments, 83 Middle Street, Portland
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Middle Street Housing Partners, L.P.
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Phoenix at Danforth, 66 State Street, Portland
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North Deering Gardens, 246 Auburn Street, Portland
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Pinecone Housing Corporation
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Bessey Commons II, One Bessey School Drive, Scarborough
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The Uplands, western side of Scarborough Downs Road north of, but not adjacent to, U.S. Route One, Scarborough (Part of Tax Map R052, Lot 004)
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Mary Street Apartments, 26 Mary Street, Skowhegan,
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Mary Street Associates LP
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Robert L. Harnois Apartments, 70 Ruth Hunton Court, Westbrook
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Lewis H. Emery Apartments, 67 Ruth Hunton Court, Westbrook
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STATUTORY AUTHORITY: 30-A MRSA §§4722(1), 4741, and 4871; 26 USC §§142 and 147(f).
DATE AND LOCATION OF HEARING: Tuesday, February 18, 2020 at 1:30 p.m., Maine State Housing Authority, 353 Water Street, 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.
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
353 Water Street
Augusta, Maine 04330-4633
1-800-452-4668 (voice in state only)
(207) 626-4600 (voice) or
711 (Maine Relay)
Published: February 10th, 2020