NOTICE OF PUBLIC HEARING

NOTICE OF PUBLIC HEARING ON PROPOSED Multifamily Housing Revenue Bonds FINANCING BY THE HOUSING AUTHORITY OF THE CITY OF DURHAM

Notice is hereby given that the Board of Commissioners of the Housing Authority of the City of Durham (the “Authority”) will hold a public hearing on its proposed plan to issue multifamily housing revenue bonds, in one or more series, in an aggregate principal amount of up to $27,900,000 (the “Bonds”), for the purpose of financing the acquisition, construction and equipping by Village Capital Corporation, an Indiana corporation, or an affiliate or subsidiary thereof (the “Borrower”), of a low and moderate income multifamily residential rental facility to be known as Trails at Twin Lakes Apartment Homes, consisting of 168 units in 7 residential buildings and related facilities (the “Development”).  The Development is located on an approximately 18.34-acre site at 101 Lynn Road, in the City of Durham, Durham County, North Carolina. 

The housing bonds, when and if issued by the Authority, will be issued pursuant to Chapter 157 of the General Statutes of North Carolina and shall not be a debt of the State of North Carolina (the “State”), the Authority, the City of Durham, North Carolina (the “City”) or any political subdivision thereof and none of the State, the Authority, the City or any political subdivision thereof shall be liable thereon, nor in any event shall such bonds be payable out of any funds or properties other than those of the Authority derived solely from payments made by the Borrower. 

The public hearing, which may be continued or adjourned, will be held on April 28, 2021, at 5:30 p.m. (or as soon thereafter as the hearing is held) during the Authority’s regular meeting, which will be held remotely.  Any person interested in the issuance of the Bonds or the Development may access the remote meeting and be heard at the public hearing by dialing the following toll-free number: 888-788-0099, and when prompted entering meeting ID number: 88027098927 and passcode: 820452.  Any person wishing to comment in writing on the Development or the issuance of the Bonds should do so, no later than April 29, 2021, by mailing such written comments to Anthony Scott, Chief Executive Officer, Housing Authority of the City of Durham, 330 East Main Street, Durham, North Carolina 27701.

DHA will provide a reasonable accommodation to a qualified individual with a disability by providing modifications, alterations or adaptation in policy, procedures, and practices. Please contact DHA if you require a reasonable accommodation, auxiliary aides, effective communication services at least 48 hours prior to the hearing. Si habla español, tiene a su disposición servicios gratuitos de asistencia lingüística. Llame al 1-(919) 683-1551.

Posted on Wednesday, April 14, 2021

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