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Public Hearing Regarding the Issuance of Bonds

Event Information

When:

June 5, 2020

11:00am

Where:

Available via Webinar or Phone

Austin, Texas 78702

Audience:
General Public
Meeting Type:
Public Hearings

Contact Information

For additional information about this event, please contact:

David Danenfelzer

ddanenfelzer@tsahc.org

512-477-3562

Meeting Details

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

 

Published: May 21, 2020