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Notice of Public Hearing

Notice of Public Hearing | Request for Comment

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 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 5, 2024 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 2024 and 2025 and thereafter.

NORTH CAROLINA HOUSING FINANCE AGENCY

By: Ariana Kudlats
Manager of Finance & Strategic Projects Hearing Officer

 

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North Carolina Housing Finance Agency / 3508 Bush Street / Raleigh, NC 27609 / 919-877-5700

Disclaimer (please scroll and read, then proceed below)

All information contained on the following Web pages is obtained from the Agency’s books and records, and is believed to be accurate and reliable. Reference should be made to the official statement and operative documents of each series of bonds referred to herein for complete information on that issue. Because of the possibility of human and mechanical error as well as other factors, this information is provided "as is" without warranty of any kind and no representation or warranty, expressed or implied, is made, nor should any be inferred, as to the accuracy, timeliness, or completeness of this information. Under no circumstances shall North Carolina Housing Finance Agency have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any error (on account of neglect or otherwise) or other circumstance involved in procuring, collecting, compiling, interpreting, analyzing, editing, transcribing, transmitting, communicating or delivering this information, or (b) any direct, indirect, special, consequential, or incidental damages whatsoever, even if North Carolina Housing Finance Agency is advised in advance of the possibility of such damages, resulting from the use of, or inability to use, any such information. This information relates to bond issues of the North Carolina Housing Finance Agency that have been sold and distributed in underwritten public offerings described in the related official statements. Each viewer of the aforementioned information acknowledges that (i) the North Carolina Housing Finance Agency is not now by this document offering any bonds or other securities, nor soliciting an offer to buy any securities, (ii) this information is not to be construed as any description of the North Carolina Housing Finance Agency-such offerings are only made pursuant to the appropriate official statements of the North Carolina Housing Finance Agency, (iii) the information provided speaks only as of the date thereof and the North Carolina Housing Finance Agency has not in any way undertaken to update such information, and (iv) no representation is made as to the propriety or legality of any secondary market trading of the bonds or other securities of the North Carolina Housing Finance Agency by anyone in any jurisdiction. The financial condition of the North Carolina Housing Finance Agency may have changed since the date this information was prepared.

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