NOTICE
NOTICE TO RESIDENTS OF OHIO COUNTY, WEST VIRGINIA AND THE STATE OF WEST VIRGINIA
AND OTHER PERSONS INTERESTED –
ISSUANCE OF
MULTIFAMILY
MORTGAGE REVENUE BONDS FOR
BROOKPARK PLACE, 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 $7,500,000 (the “Bonds”), pursuant to Chapter 31, Article 18 of the West Virginia Code of 1931, as amended, to assist Brookpark Place, LLC, a West Virginia limited liability company, in financing a portion of the cost of the acquisition and rehabilitation of 152- unit rental housing project known as Brookpark Place for seniors, a portion of the units of which are or will be occupied by individuals or households whose income is at or below a certain percentage of area median gross income and which is located at 1290 National Road, Wheeling, Ohio County, West Virginia. The project will be owned by Brookpark Place, LLC.
The Bonds shall be a limited obligation of the Issuer payable and secured solely by the trust estate under the trust indenture under which they are issued, including certain revenues, funds, accounts and collateral. 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 Ohio County Public Library Auditorium, 52 16th Street, Wheeling, WV, 26003, on May 1, 2019, at 10 a.m., and any person or persons interested may appear before the Issuer’s representative to present written or oral comments and suggestions and be heard as to the proposed issue of Bonds and the location and nature of the proposed facilities to be acquired and rehabilitated with the proceeds of the Bonds. Interested individuals may also submit written comments to the Issuer at 5710 MacCorkle Avenue SE, Charleston, West Virginia 25304 before May 1, 2019.
Int. April 22, 2019