MAINE STATE HOUSING AUTHORITY
Notice of Public Hearing on Proposed Issuance of Tax-Exempt Bonds
BOND SIZE: The Maine State Housing Authority ("MaineHousing") intends to issue up to $173,115,000 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, Operator or Manager (or affiliate)
The Inn at City Hall, 1 Cony Street, 100 units $15,000,000 Stewart Property Management, Inc.
Augusta, Kennebec Plaza, 20 Willow Street, Augusta
Glenridge Gardens, Glenridge Drive, Augusta 120 units $6,800,000 New Glenridge Development
Company, LLC
First Street Apartments, 100 First Street, Bangor 24 units $4,800,000 Bangor First Street, LP
Penquis Family Housing, 165 Griffin Road, Bangor 16 units $200,000 Penquis Family Housing Associates
Limited Partnership
Berwick Senior Housing, 20 Wilson Street, Berwick 24 units $3,500,000 Estabrook School Limited Partnership
Laconia House, 50 Laconia Street, Biddeford 48 units $6,100,000 Laconia House, LP
Corundel Commons, Hill Street, Corinna 20 units $1,825,000 Corundel Commons Senior Housing Associates Limited Partnership
Fairfield Family, 122 Skowhegan Road, Fairfield 16 units $1,700,000 Steele Acadia LLC
MC Smith, 189-195 Fairbanks Road, Farmington 10 units $700,000 Steele Acadia LLC
Sherwood, 382-392 High Street, Farmington 15 units $1,900,000 Steele Acadia LLC
Western Glen, 389 Wilton Road, Farmington 23 units $3,200,000 Community Concepts, Incorporated
Summer St. Senior Apartments, 24 Summer Street, 28 units $3,000,000 Summer Street SR, LP
Gardiner
Stevens Commons, Stevens School Campus, Winthrop 32 units $6,000,000 Preservation Management, Inc.
Street, Hallowell
Penobscot Elder Homes, Wabanaki Way & Nohkomess 24 units $3,200,000 Penobscot Elder Housing Limited
Street, Indian Island Partnership
Dominican Court, 56 Birch Street, Lewiston 45 units $990,000 Birch Street LLC
River Valley Village, 24 Tall Pines Drive & 65 Strawberry 296 units $9,000,000 River Valley Village Associates, L.P.
Avenue, Lewiston
Pittsfield Gardens, 130 Pittsfield St., Pittsfield 15 units $1,600,000 Steele Acadia LLC
Northfield Green, 147-151 Allen Ave., Portland 201 units $20,000,000 NFG Housing Partners, L.P.
Motherhouse, 605 Stevens Ave., Portland 88 units $1,200,000 Motherhouse Associates LP
977 Brighton Ave. Apartments, 977 Brighton Avenue, 26 units $5,600,000 Avesta 977 Brighton LP
Portland
Deering Place, 500-510 Cumberland Avenue, 73 Deering 45 units $8,300,000 Avesta Deering Place LP
Street, 61 Deering Street, Portland
58 Boyd Street Apartments, 58 Boyd Street, Portland 55 units $11,300,000 58 Boyd Street, LP
Casco Terrace, 41 State Street, Portland 27 units $5,000,000 Casco Terrace, LP
Townhomes at Ocean East 2, Ocean Avenue & 54 units $8,000,000 Ocean East of Portland 2, LLC
Presumscot Street, Portland
YMCA Apartments, 231 High Street, Portland 32 units $3,000,000 CCYSRO, L.P.
Richmond Senior Citizens Park, 24 Kimball Street, 12 units $700,000 Steele Acadia LLC
Richmond
Stevens Green, 5 Lovejoy Street, Rockland 26 units $2,500,000 Stevens Green Associates, L.P.
Patriot Place, 6 Spruce Street, Sanford 40 units $4,000,000 Patriot Place Associates Sanford, LP
Breary Farms Apartments, 16 Breary Avenue, Sanford 30 units $3,600,000 Breary Affordable Housing LP
West Front Residences, 29 Family Circle, Skowhegan 30 units $3,700,000 Steele Acadia LLC
Fox School, 10 East Main Street, South Paris 12 units $2,200,000 Avesta Fox School LP
Brick Hill, Brick Hill Avenue, South Portland 66 units $7,500,000 YC Townhouse One Associates, LP
Saint Francis Apartments II, 52 Elm Street, Waterville 18 units $1,900,000 Saint Francis Apartments II, Limited Partnership
Merici Woods, 21 Chase Avenue, Waterville 28 units $3,900,000 Merici Woods LP
Green Acres Estates, 145 New Meadows Road, West Bath 48 units $4,100,000 Steele Acadia LLC
Larrabee Commons, 10 Liza Harmon Drive, Westbrook 38 units $4,100,000 Larrabee Commons, LP
Unity Gardens, 124 Tandberg Trail, Windham 24 unit $1,200,000 YC Manchester Woods LP
Fort Halifax Commons, 134 Halifax Street, Winslow 24 units $1,800,000 Steele Acadia LLC
STATUTORY AUTHORITY: 30-A MRSA §§4722(1), 4741, and 4871; 26 USC §§142 and 147(f).
DATE AND LOCATION OF HEARING: Thursday, July 13, 2017 at 10:00 A.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; Telephone Number: 1-800-452-4668 (voice in state only),(207) 626-4600 (voice), or 711 (Maine Relay).
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