Legal Notices

NOTICE TO RESIDENTS OF MINERAL COUNTY, WEST VIRGINIA AND THE STATE OF WEST VIRGINIA AND OTHER PERSONS INTERESTED – ISSUANCE OF MULTIFAMILY MORTGAGE REVENUE BONDS FOR POTOMAC HEIGHTS, 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 (namely, exempt facility bonds for a qualified residential rental project pursuant to sections 142(a)(7) and (d) of the Code) in the maximum aggregate principal amount of $9,500,000 (the “Bonds”), pursuant to Chapter 31, Article 18 of the West Virginia Code of 1931, as amended, to assist Potomac Heights, LLC, a West Virginia limited liability company (the “Borrower”), in financing a portion of the cost of the acquisition, rehabilitation and equipping of 141- unit rental housing project known as Potomac Heights, which is located at 500 Carskadon Lane, Keyser, Mineral County, West Virginia, all of the units of which are or will be occupied by seniors, as either individuals or households whose income is at or below a certain percentage of area median gross income. The project 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 at the Issuer’s offices, 5710 MacCorkle Avenue, SE, Charleston, WV 25304 on April 2, 2020, at 10 a.m., and any interested person or persons may appear before the Issuer’s representative to present written or oral comments and suggestions and be heard as to the proposed issuance of the Bonds and the location and nature of the proposed facilities to be acquired, rehabilitated and equipped with the proceeds of the Bonds. Interested individuals may also submit written comments to the Issuer, Attention: Julie Davis, at 5710 MacCorkle Avenue SE, Charleston, West Virginia 25304 before April 2, 2020. LC-90394 3-21;2020