Public Notices



Public Hearing - Proposed Issuance Tax-Exempt Bonds for Multifamily Housing

Tuesday, February 18, 2020

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 

Project Name and Location (Maine)

Number of Units/Beds

Principal Amount

Initial Owner or its General Partner; Operator or Manager (or affiliate)

Senior Housing at the Market Place, 75 Civic Center Drive, Augusta

42

$8,750,000.

Senior Living at the Market Place LP

Oak Grove Commons, 301 Oak Grove Ave., Bath

34

$6,250,000.

Realty Resources Management LLC

Senior Housing on Wight Street, 75 Wight Street, Belfast

25

$5,650,000.

DC 75 Wight LP

Belfast Acres Estates, 80 Wight Street, Belfast

24

$5,650,000.

Belfast Acres, LLC

Ellsworth Senior Housing, Oriole Way, Ellsworth

29

$5,850,000.

DC Oriole Senior LP

Edgewater Village, 113 Willow Springs Drive, Farmington

25

$6,000,000.

Avesta Willow Springs LP

Quarry Ridge, 60 Bow Street, Freeport

34

$5,500,000.

FHT Quarry Ridge LP

Snow School Apartments, 11 Pine Street, Fryeburg

28

$7,000,000.

Avesta Snow School LP

Hillside at Village Square, Land Unit 3, Ridgewood Condominium, 99 School Street, Gorham

27

$6,750,000.

Avesta Hillside LP

Hartland Senior Living Apartments, 62 Elm Street (Route 51) Hartland

30

$6,050,000.

KVCAP Real Estate Development, Inc.

Lewiston Mill Apartments, 3 Upper Floors of 35 Beech Street, Lewiston

33

$9,400,000.

Lewiston Mill Housing LP

Livermore Terrace Apartments, 27 Depot Street, Livermore Falls

25

$3,750,000.

Avesta Livermore Terrace LP

Stearns Assisted Living, 80 Maine Avenue, Millinocket

45

$9,200,000.

Stearns Assisted Living III, LLC

Valley Street Senior Apartments, 204-210 Valley Street at the corner of C Street, Portland

60

$14,150,000.

Avesta Valley Street LP

Unity Village at Bayside, the area bounded by Stone Street, Cumberland Avenue, Oxford Street, and Myrtle Street, Portland

33

$5,000,000.

Avesta Unity Village LP

Middle Street Apartments, 83 Middle Street, Portland

49

$12,050,000.

Middle Street Housing Partners, L.P.

Phoenix at Danforth, 66 State Street, Portland

30

$6,900,000.

Phoenix at Danforth LP

North Deering Gardens, 246 Auburn Street, Portland

164

$26,750,000.

Pinecone Housing Corporation

Bessey Commons II, One Bessey School Drive, Scarborough

40

$9,650,000.

Bessey Commons II, LP

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)

39

$7,100,000.

DC Uplands LP

Mary Street Apartments, 26 Mary Street, Skowhegan,

40

$9,950,000.

Mary Street Associates LP

Robert L. Harnois Apartments, 70 Ruth Hunton Court, Westbrook

61

$13,850,000.

Larrabee Heights II, LP

Lewis H. Emery Apartments, 67 Ruth Hunton Court, Westbrook

30

$7,200,000.

Larrabee Heights III, LP

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

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353 Water Street, Augusta ME 04330
(800) 452-4668 \ (207) 626-4600
Fax (207) 626-4678 \ Maine Relay 711