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Notice of Public Hearing Regarding the Issuance of Bonds (Sandpiper Cove)

September 15, 2021

Notice of Public Hearing Regarding the Issuance of Bonds

Notice is hereby given of a public hearing to be held by the Texas State Affordable Housing Corporation (the “Issuer”) to be held at 12:30  p.m.  on Thursday, September 30, 2021 and accessible to the public via the telephone and web link as detailed below:

Those wishing to attend via the web link 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:

To join the public hearing by phone only dial tollfree: +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”), as well as to fund working capital for the Project, reserve funds and cost of issuance for the Bonds.  The Project is located at: 

Project Address Initial Owner Maximum Stated Principal Amount ($)
Sandpiper Cove Apts    3916 Winnie Street, Galveston, TX 77550 Galveston 3916 Winnie Street, LP $37,500,000
    TOTAL $37,500,000

The maximum stated face amount of the Bonds to be issued with respect to the Project is $37,500,000.

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, 6701 Shirley Avenue, Austin, Texas 78752, 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 [email protected].

David Danenfelzer
Senior Director of Development Finance Programs
Texas State Affordable Housing Corporation
6701 Shirley Avenue
Austin, Texas 78752