Notice of Public Hearing By The North Carolina Housing Finance Agency Regarding The Issuance Of Tax-Exempt Bondsby GDN Shared Post November 8, 2017
NOTICE OF PUBLIC HEARING BY THE NORTH CAROLINA HOUSING FINANCE AGENCY REGARDING THE ISSUANCE OF TAX-EXEMPT BONDS
The North Carolina Housing Finance Agency (the “Agency”) is considering undertaking a plan of finance under which it will issue tax-exempt bonds during the remainder of 2017 and in 2018, 2019 and 2020 in an amount not in excess of $1,600,000,000 to (a) provide funds for the purchase of mortgage loans and other obligations, including mortgage backed securities, made for the purpose of assisting in providing home ownership for low and moderate income households in and throughout the State of North Carolina, (b) refund all or a portion of the bonds previously issued by the Agency for the purpose described in (a), (c) make required deposits to the credit of any debt service reserve fund or other reserve fund required by the terms of the instrument pursuant to which the bonds are issued, (d) finance all or a portion of the cost of termination of interest rate swap agreements in connection with the refunding of bonds hedged by the terminated interest rate swap agreement and (e) pay all or a portion of the costs of issuance of the bonds.
The Agency will hold a public hearing at 10:00 a.m. on November 30, 2017 in the conference room of the Agency’s offices, 3508 Bush Street, Raleigh, North Carolina. At the public hearing, any person may be heard regarding the proposed plan of financing and issuance of tax-exempt bonds.
The Agency will consider the information obtained at the public hearing and take action that it may deem warranted. Action will include submission of a transcript of the hearing to the Governor of North Carolina, or any other elected State official designated by the Governor or by State law, who must approve or disapprove the tax-exempt bond issue pursuant to Section 147(f) of the Internal Revenue Code of 1986. It is the intention of the North Carolina Housing Finance Agency to issue these tax-exempt bonds from time to time in 2017, 2018, 2019 and 2020.
North Carolina Housing
3508 Bush Street
Raleigh, North Carolina 27609