Legal Notices

NOTICE TO RESIDENTS OF RALEIGH COUNTY, WEST VIRGINIA AND THE STATE OF WEST VIRGINIA AND OTHER INTERESTED PERSONS – ISSUANCE OF MULTIFAMILY MORTGAGE REVENUE BONDS FOR BECKLEY PRESERVATION LLC NOTICE IS HEREBY GIVEN, pursuant to section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”), that the WEST VIRGINIA HOUSING DEVELOPMENT FUND (the “Issuer”) contemplates the adoption of a bond authorizing resolution to approve the issuance of its revenue bonds as exempt facility bonds for qualified residential rental projects pursuant to sections 142(a)(7) and (d) of the Code in the maximum aggregate principal amount of $28,400,000 (the “Bonds”), pursuant to Chapter 31, Article 18 of the West Virginia Code of 1931, as amended, to assist Beckley Preservation LLC, a West Virginia limited liability company (the “Borrower”), in financing a portion of the cost of the acquisition and renovation of the following affordable residential rental projects (each, a “Project”), all or a portion of the units of which Projects will be occupied by low-income families whose income is at or below a certain percentage of area median gross income: Project Name and Address Beckley Townhomes 123 Hager Street, Beckley, Raleigh County, West Virginia 25810 Number of Units 49 Original Principal Amount (Not to Exceed) $4,200,000 Project Name and Address Willbrian Apartments 510 Ewart Avenue, Beckley, Raleigh County, West Virginia 25810 Number of Units 100 Original Principal Amount (Not to Exceed) $9,100,000 Beckley West Apartments 425 Mountain View Road, Beckley, Raleigh County, West Virginia 25810 Number of Units 160 Original Principal Amount (Not to Exceed) $15,100,000 All the Projects will be owned by the Borrower. Neither the Bonds nor the interest thereon, nor any charge in connection therewith, shall be a charge against the general credit or taxing powers of the State of West Virginia or the Issuer, nor shall the same ever constitute an indebtedness of the State of West Virginia or the Issuer, within the meaning of any constitutional provision or statutory limitations. A public hearing will be held before a representative of the Issuer on October 24, 2023, at 11:30 a.m., and any interested person or persons may participate by toll-free telephone call with the Issuer’s representative to present oral comments and suggestions and be heard as to the proposed issuance of the Bonds and the location and nature of the Projects to be acquired and renovated with the proceeds of the Bonds. Interested individuals may also submit written comments to the Issuer before October 24, 2023, by emailing the comments to [email protected] or mailing comments to Attention: Chad Leport, at 5710 MacCorkle Avenue SE, Charleston, West Virginia 25304. To participate by toll-free telephone call, please use the following information: Telephone #: 800-804-5051 Conference #: 8722267 PIN: 5348 LC-161419 10-12;2023