NOTICE OF PUBLIC HEARING BY THE NORTH CAROLINA HOUSING FINANCE AGENCY REGARDING THE FINANCING OF MULTIFAMILY HOUSING WITH THE PROCEEDS OF TAX-EXEMPT BONDS
NOTICE IS HEREBY GIVEN to all interested persons that the North Carolina Housing Finance Agency (the “Agency”) has been requested to issue its multifamily housing revenue bonds (the “Bonds”) for the purpose of (a) financing the acquisition, renovation, improvement, equipping and furnishing of certain multifamily residential projects and (b) paying certain fees and expenses incurred in connection with the issuance and sale of the Bonds.
The facilities to be financed with the proceeds of the Bonds will be qualified residential rental projects (as defined in Section 142(d) of the Internal Revenue Code of 1986, as amended) and are located at the following locations and owned by the following entities or an affiliate thereof:
(a) Apartment complex known as Century Square located at 230 Century Boulevard in Kernersville, North Carolina, to be owned by New Century Square, LLC. The aggregate principal amount of Bonds to be issued for such project is not expected to exceed $3,731,000.
(b) Apartment complex known as Courtyard I located at 500 South Cooper Drive in Henderson, North Carolina, to be owned by New Courtyard I, LLC. The aggregate principal amount of Bonds to be issued for such project is not expected to exceed $5,159,000.
(c) Apartment complex known as Courtyard II located at 500 South Cooper Drive in Henderson, North Carolina, to be owned by New Courtyard II, LLC. The aggregate principal amount of Bonds to be issued for such project is not expected to exceed $2,651,000.
(d) Apartment complex known as Deer Park located at 18 Deer Park Loop in Spruce Pine, North Carolina, to be owned by New Deer Park, LLC. The aggregate principal amount of Bonds to be issued for such project is not expected to exceed $2,681,000.
(e) Apartment complex known as Donnell Villas located at 815 Donnell Street in Kernersville, North Carolina, to be owned by New Donnell Villas, LLC. The aggregate principal amount of Bonds to be issued for such project is not expected to exceed $5,287,000.
(f) Apartment complex known as Edgewood Place located at 1401 North 6th Street in Albemarle, North Carolina, to be owned by New Edgewood Place, LLC. The aggregate principal amount of Bonds to be issued for such project is not expected to exceed $4,501,000.
(g) Apartment complex known as Kensington Park I and II located at 3682 Neuse Boulevard in New Bern, North Carolina, to be owned by New Kensington Park, LLC. The aggregate principal amount of Bonds to be issued for such project is not expected to exceed $9,157,000.
(h) Apartment complex known as Laurel Glen located at 115 Clearfield Drive in Roanoke Rapids, North Carolina, to be owned by New Laurel Glen, LLC. The aggregate principal amount of Bonds to be issued for such project is not expected to exceed $3,255,000.
(i) Apartment complex known as Pender Square II and III located at 1711 Sharon Drive in Tarboro, North Carolina, to be owned by New Pender Square, LLC. The aggregate principal amount of Bonds to be issued for such project is not expected to exceed $6,942,000.
(j) Apartment complex known as Stonebridge located at 151 Stonebridge Drive in Morganton, North Carolina, to be owned by New Stonebridge, LLC. The aggregate principal amount of Bonds to be issued for such project is not expected to exceed $5,872,000.
(k) Apartment complex known as Waterford Place located at 202 Waterford Place in Washington, North Carolina, to be owned by New Waterford Place, LLC. The aggregate principal amount of Bonds to be issued for such project is not expected to exceed $3,308,000.
(l) Apartment complex known as Windemere II located at 1325 S. Collegiate Drive in Wilkesboro, North Carolina, to be owned by New Windemere, LLC. The aggregate principal amount of Bonds to be issued for such project is not expected to exceed $3,740,000.
(m) Apartment complex known as Woods I located at 500 South Cooper Drive in Henderson, North Carolina, to be owned by New Woods, LLC. The aggregate principal amount of Bonds to be issued for such project is not expected to exceed $5,101,000.
Please take notice that the Agency will hold a public hearing with respect to the issuance of the Bonds to finance a portion of the cost of the facilities on October 15, 2025 at 11:00 a.m. at which time any person may be heard regarding the issuance of the Bonds. The Agency will hold the public hearing by telephonic conference call. Any person wishing to comment on the facilities and proposed issuance of the Bonds by the Agency may do so by a toll free call to 888-804-1335, conference room 7914140. In addition, any person wishing to comment in writing on the issuance of the Bonds should do so prior to the date of such hearing to Brett Warner, Chief Financial Officer, North Carolina Housing Finance Agency, 3508 Bush Street, Raleigh, North Carolina 27609.
NORTH CAROLINA HOUSING FINANCE AGENCY
By: Brett Warner
Chief Financial Officer
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Notice of Public Hearing for the 2026 Qualified Allocation Plan
The Public Hearing for the 2026 Qualified Allocation Plan (QAP) is to be held Thursday, September 25, 2025 at 1:00 pm.
The Public Hearing will be held in a hybrid format both virtually through Microsoft Teams (see link below) and in person at the NC Housing Finance Agency, 3508 Bush Street, Raleigh, NC.
Participants will be provided the opportunity to comment during the hearing.
If you wish to attend in person, please RSVP to Kimberly Jones at @email no later than close of business Friday, September 19, 2025. Seating is limited.
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Meeting ID: 222 986 284 553
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Phone conference ID: 740 754 427#
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NOTICE OF TELEPHONIC PUBLIC HEARING BY THE NORTH CAROLINA HOUSING FINANCE AGENCY REGARDING THE ISSUANCE OF TAX-EXEMPT BONDS
The North Carolina Housing Finance Agency (the “Agency”) is considering undertaking a plan of finance under which it will issue tax-exempt bonds in a principal amount not in excess of $1,250,000,000 to (a) provide funds for the purchase of mortgage loans and other obligations, including mortgage backed securities, made for the purpose of assisting in providing home ownership for low and moderate income households in and throughout the State of North Carolina, (b) refund all or a portion of the bonds previously issued by the Agency for the purpose described in (a) (or to refund bonds of the Agency previously issued to refund bonds issued for that purpose), (c) make required deposits to the credit of any debt service reserve fund or other reserve fund required by the terms of the instrument pursuant to which the bonds are issued and (d) pay all or a portion of the costs of issuance of the bonds.
The Agency will hold a public hearing at 11:00 a.m. on August 7, 2025 at which time any person may be heard regarding the proposed plan of financing and issuance of tax-exempt bonds. The Agency will hold the public hearing by telephonic conference call. Any person wishing to comment on the proposed issuance of the bonds by the Agency may do so by a toll-free call to 888-804-1335, conference room 7914140. In addition, any person wishing to comment in writing on the issuance of the bonds should do so prior to the date of such hearing to Ariana Kudlats, as Hearing Officer on behalf of the North Carolina Housing Finance Agency, 3508 Bush Street, Raleigh, North Carolina 27609.
The Agency will consider the information obtained at the public hearing and take action that it may deem warranted. Action will include submission of a transcript of the hearing to the Governor of the State of North Carolina, or any other elected State official designated by the Governor or by State law, who must approve or disapprove the tax-exempt bond issue pursuant to Section 147(f) of the Internal Revenue Code of 1986. It is the intention of the Agency to issue these tax-exempt bonds from time to time in 2025 and 2026 and thereafter.
NORTH CAROLINA HOUSING FINANCE AGENCY
By: Ariana Kudlats
Manager of Bonds, Mortgage Loans & Strategic Projects
Hearing Officer