Details for NOTICE OF PUBLIC HEARING BEFORE THE HARRISONBURG REDEVELOPMENT AND HOUSING AUTHORITY ON PROPOSED MULTIFAMILY HOUSING REVENUE BOND FINANCING FOR NEWBRIDGE VILLAGE APARTMENTS

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NOTICE OF PUBLIC HEARING BEFORE THE HARRISONBURG REDEVELOPMENT AND HOUSING AUTHORITY ON PROPOSED MULTIFAMILY HOUSING REVENUE BOND FINANCING FOR NEWBRIDGE VILLAGE APARTMENTS Notice is hereby given that the Harrisonburg Redevelopment and Housing Authority (the Issuer) will hold a public hearing on the request of Newbridge Village Associates, L.P. a Virginia limited partnership (the Borrower), whose address is c/o Atlantic American Partners, LLC, 269 South Main Street, Suite E, Providence, Rhode Island 02903, for the issuance by the Issuer of up to $15,000,000 of its Tax-Exempt Multifamily Housing Revenue Bonds (Newbridge Village Apartments Project) (the Bonds), to finance a portion of the costs of the acquisition and rehabilitation of a multifamily apartment project known as Newbridge Village Apartments located in Henrico County, Virginia at 313 Newbridge Road, Henrico, Virginia 23223, consisting of 152 units contained in nineteen (19) two-story residential buildings, totaling approximately 140,796 square feet of space, a clubhouse facility totaling approximately 2,500 square feet of space, and related or ancillary facilities (the Project), including, as necessary, the financing of capitalized interest on the Bonds, any necessary reserve funds for the Bonds, and costs of issuance of the Bonds, in each case only as permitted by applicable law. The Project will meet the requirements of a qualified residential rental project within the meaning of Section 142(d) of the Internal Revenue Code of 1986, as amended (the Code) and will be owned by the Borrower. The public hearing, which may be continued or adjourned, will be held at 4:00 p.m. on September 18, 2019, before the Issuer at its office located at 286 Kelley Street, Harrisonburg, Virginia 22802. The proposed multifamily housing revenue bonds will not pledge the credit or the taxing power of the City of Harrisonburg, Virginia, the County of Henrico, Virginia, or the Issuer, but will be payable solely from the revenues derived by the Borrower from the Project and other amounts pledged thereto. The public hearing will provide an opportunity for interested persons to be heard and communications and writings to be received and considered. Interested persons wishing to express their views on the issuance of the Bonds may also submit written comments prior to the time of the hearing to the attention of the Issuer in care of Michael Wong, Executive Director, at 286 Kelley Street, Harrisonburg, Virginia 22802, with a copy to Jason J. Ham, Esq., at Litten & Sipe LLP, 410 Neff Avenue, Harrisonburg, Virginia 22801. The public hearing shall provide the fullest opportunity for the expression of opinion, for argument on the merits, and for the introduction of documentary evidence pertinent to the issuance of the Bonds. HARRISONBURG REDEVELOPMENT AND HOUSING AUTHORITY 9/4, 9/11

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