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 $1,500,000,000 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 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 15, 2023 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 2023 and thereafter.
NORTH CAROLINA HOUSING FINANCE AGENCY
By: Ariana Kudlats
Manager of Finance & Strategic Projects Hearing Officer
