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01/27/2021

Notice of Public Hearing - February 3, 2021

Notice of Public Hearing image - copy in full below

Notice is hereby given by the Housing Authority of the City of North Charleston, South Carolina (the "Authority") to all interested persons that a public hearing will be held regarding the proposed issuance by the Authority of its Multifamily Housing Revenue Notes (Filbin Creek Apartments) (the "Notes"), in an initial aggregate principal amount not to exceed $10,000,000. The Notes are intended to be issued as qualified exempt facility bonds for qualified residential rental projects under Section 142(a)(7) of the Internal Revenue Code.

The Authority will lend a portion of the proceeds of the Notes in the amount of  not to exceed $10,000,000 to Aedis Filbin Creek, LLC, a limited liability company duly organized under the laws of the State of South Carolina (the "Housing Sponsor"), to provide construction and permanent financing for a portion of the costs of acquisition and rehabilitation of the multifamily rental housing facilities to be known as "Filbin Creek Apartments," consisting of approximately sixty-four {64) rental units and related facilities, located at 1237 Sumner Avenue, in the City of North Charleston, Charleston County, South Carolina (the "Project"). The Project will be owned by the Housing Sponsor.

Due to the current public health emergency, the public hearing will be conducted via video and telephonic conferencing on February 3, 2021 at 6:00 p.m. and the public will not be able to attend in person. However, all persons who wish to listen to the public hearing may join by calling toll-free at 301-715-8592 and using access code 477659 or via video conferencing at Zoom Meeting ID 936 2616 4758 and Passcode 477659. All persons who intend to express their views for or against the proposed issuance of Bonds, the nature of the financing, or the approval of the issuance of the Bonds must contact the Authority, not less than 24 hours prior to the public hearing, via email  to inform the Authority of your intent to do so. Those who participate in the public hearing will be permitted to address the Authority regarding the financing or the Bonds for a period of up to three minutes. Members of the public may also submit written statements in advance of the public hearing to Frank Scott, Executive Director, 6327 Rivers Ave., North Charleston, South Carolina 29406 email Frank Scott.