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Notice is hereby given of a public hearing to be held by the Texas State Affordable Housing Corporation (the “Issuer”) to be held at 11:00am on Friday, June 5, 2020 and accessible to the public via the telephone and web link as detailed below:
Attendees may be required to download the webinar software prior to joining the meeting. Please be prepared to do so prior to the start time. Use the following link to attend this public hearing:
Join from PC, Mac, Linux, iOS or Android: https://meetings.ringcentral.com/j/9381728660
To join the webinar by phone only dial: +1 (888) 391-5458 The conference code is: 938 172 8660#
This public hearing is on the proposed issuance by the Issuer of one or more series of multifamily housing revenue bonds (the “Bonds”) to provide financing for the acquisition, construction and equipping of qualified residential rental housing project(s) under Section 142(a)(7) of the Internal Revenue Code (the “Project(s)”), as well as to fund working capital for the Project(s), reserve funds and cost of issuance for the Bonds. The Project(s) are located at:
| Project(s) | Address | Initial Owner | Maximum Stated Principal Amount ($) |
|---|---|---|---|
| Pine Terrace Apartments Phase 1 |
1612 Amy Drive, Mt. Pleasant, TX 75455 (Titus County) |
LPM Housing LP | $2,306,500 |
| Pine Terrace Apartments Phase 2 |
1704 N. Edwards Mt. Pleasant, TX 75455 (Titus County) |
LPM Housing LP | $1,064,500 |
| Trinity Oaks Apartments Phase 1 |
600 Woodlawn Avenue Sulphur Springs, TX 75482 (Hopkins County) |
LPM Housing LP | $1,064,500 |
| Trinity Oaks Apartments Phase 2 |
610 Woodlawn Avenue Sulphur Springs, TX 75482 (Hopkins County) |
LPM Housing LP | $1,064,500 |
| TOTAL | $5,500,000 |
The maximum stated face amount of the Bonds to be issued with respect to the Project(s) is $5,500,000.
All interested persons are invited to attend the public hearing to express verbally, or in writing, their views on the issuance of the Bonds. The Bonds shall not constitute or create an indebtedness, general or specific, or liability of the State of Texas, or any political subdivision thereof. The Bonds shall never constitute or create a charge against the credit or taxing power of the State of Texas, or any political subdivision thereof. Neither the State of Texas, nor any political subdivision thereof shall in any manner be liable for the payment of the principal of or interest on the Bonds or for the performance of any agreement or pledge of any kind which may be undertaken by the Issuer, and no breach by the Issuer of any agreements will create any obligation upon the State of Texas, or any political subdivision thereof.
Further information with respect to the proposed Bonds will be available at the hearing or upon written request prior thereto addressed to the Issuer at Texas State Affordable Housing Corporation, 2200 East Martin Luther King Jr. Boulevard, Austin, Texas 78702, Attention: David W. Danenfelzer, (512) 477-3562.
Individuals who require auxiliary aids in order to attend this meeting should contact Rebecca DeLeon, at (512) 477-3555 at least five days before the meeting so that appropriate arrangements can be made.
Individuals may transmit written testimony or comments regarding the subject matter of this public hearing to David Danenfelzer at ddanenfelzer@tsahc.org.
David Danenfelzer
Senior Director of Development Finance Programs
Texas State Affordable Housing Corporation
2200 East Martin Luther King Jr. Boulevard
Austin, Texas 78702
For a copy of the IRMA letter, click here.
TSAHC was created in 1994 as a self-sustaining nonprofit housing organization. At TSAHC we believe that every Texan deserves the opportunity to live in safe, decent and affordable housing. Our programs target the housing needs of low-income families and other underserved populations in Texas who do not have acceptable housing options through conventional financial channels. All TSAHC programs are offered statewide, with special attention given to rural areas and other select target areas.
Fair Housing: Know Your Rights
