NOTICE TO RESIDENTS OF WOOD COUNTY, WEST
VIRGINIA AND THE STATE OF WEST VIRGINIA
AND OTHER PERSONS
INTERESTED –
ISSUANCE OF MULTIF
AMILY HOUSING REVENUE BONDS FOR
PARKLAND CHAPMANVILLE 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”) will consider the adoption of a bond authorizing resolution to approve the issuance of its revenue bonds (more specifically, 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 $10,750,000 (the “Bonds”), pursuant to Chapter 31, Article 18 of the West Virginia Code of 1931, as amended, of which a currently expected maximum portion of $6,000,000 will be used to assist Parkland Chapmanville Preservation, LLC, a West Virginia limited liability company (the “Borrower”), in financing a portion of the cost of the acquisition and rehabilitation of a 133-unit rental housing project known as Parkland Place (the “Project”), 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 and which is located at 1250 31st Street, Parkersburg, Wood County, West Virginia. The project will be owned by the Borrower. The currently expected remaining $4,500,000 portion of the Bonds will be used to assist the Borrower in financing a portion of the cost of the acquisition and rehabilitation of another rental housing project, 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 income and which is located in Chapmanville, Logan County, West Virginia, and which 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 July 2, 2021, at 10 a.m., and any interested person or persons may attend and 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 proposed facilities to be acquired and rehabilitated with the proceeds of the Bonds. Interested individuals may also submit written comments to the Issuer before July 2, 2021, Attention: Julie Davis, 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
June 23