The Housing Authority of the City of Bellingham (the “Authority”) will hold a public hearing on Monday, September 27, at 1 pm, on the proposed issuance by the Authority, pursuant to chapter 35.82 RCW and a plan of financing, of certain obligations (the “Obligations”), the interest on which will be excluded from gross income for federal income tax purposes pursuant to Sections 103 and 142 of the Internal Revenue Code of 1986, as amended (the “Code”). The Obligations are expected to be issued to finance the construction and equipping of the Samish Family Commons multifamily housing facility described below, to be operated as a qualified residential rental project under Section 142(d) of the Code, to provide housing for low-income persons.
|Maximum Principal Amount of Obligations:||$15,500,000|
|Project Principal User:||Samish Way Family Housing LLLP, a Washington limited liability limited partnership of which the Authority is the sole general partner|
|Project Description:||Construction and equipping of an approximately 49-unit multifamily housing complex to be known as Samish Family Commons|
|Project Location:||Within the Samish Way Condominium, located on an approximately 1.5 acre site bounded by North Samish Way, Otis Street, East Laurel Street, and Abbott Street, in Bellingham, Washington|
In recognition of the need to curtail the spread of the COVID-19 pandemic, and in accordance with Internal Revenue Service Revenue Procedure 2020-21, as extended by Internal Revenue Procedure 2020-49, the public hearing will not be conducted in person.
Members of the public are invited to attend the public hearing by telephone.
Please see below for telephone dial-in instructions. Please call the Authority at (360) 676-6887 if you have any questions regarding attending the hearing remotely.
Toll-Free Dial-In Instructions:
Select Option: 9
Enter Meeting ID: 868 2734 6793
The public is invited to attend the hearing by telephone, as described above, and to present oral or written testimony regarding the proposed issuance of the Obligations and the location and nature of the proposed Project to be financed, or to submit written comments to the Authority at 208 Unity Street, Bellingham, Washington 98225 to be received no later than the time of the hearing. The hearing will constitute the public hearing required by Section 147(f) of the Code. The Authority is committed to providing equal access to individuals with disabilities, consistent with the Americans with Disabilities Act and other state and federal laws prohibiting discrimination against individuals with disabilities. Anyone requiring an accommodation to participate in this hearing or to obtain information subject to this notice should contact the Authority, at least 24 hours prior to the time of the hearing, at (360) 676-6887.
/s/ Brien Thane, Executive Director