Community Roots Housing (the “CRH”) will hold an open public hearing for the purpose of considering the issuance by CRH of one or more series of tax–exempt and taxable revenue notes (the “Notes”) to finance the acquisition of an interest in land and the construction and equipping of the qualified residential rental portion of a mixed-use facility with residential, retail and community facilities located in Seattle, Washington, to be owned by Big Village LLLP, a Washington limited liability limited partnership. The public hearing will be held starting at 10 a.m., on January 22, 2021.
Per the Governor’s proclamation regarding the Open Public Meetings Act and Public Records Act (Proclamation 20-28) and due to extraordinary public-health circumstances related to the ongoing COVID-19 (coronavirus) outbreak, participation in this meeting will only be offered virtually.
To join virtually, please go to https://zoom.us/join
Meeting ID: 878 2217 8839
To access only the audio portion of the hearing, please dial: 1-253-215-8782
The Notes will be issued pursuant to Chapter 35.21 of the Revised Code of Washington for the purpose of financing a residential rental facility under Section 142(d) of the Internal Revenue Code of 1986, as amended (the “Code”).
The proceeds of the Notes will be used to provide financing for the acquisition of an interest in land and the construction and equipping of the following project:
Project: Yesler Family Housing
Project Address: 1215 East Fir Street Seattle, Washington 98122
Units: 156 units
Total Estimated Cost: $81,000,000
Estimated Maximum Note Amount; $55,000,000
A percentage of the total apartment units will be set aside for persons or households with low incomes.
Written comments with respect to the proposed project and the proposed Notes may be mailed or faxed to the attention of Jeremy Wilkening, Community Roots Housing, Vice President of Real Estate Development, 1620 12th Avenue, Suite 205, Seattle, Washington 98122 or to (206) 329-1857, for receipt no later than 5 p.m. on January 21, 2021. Public testimony will be heard from all interested members of the public participating in the hearing. CRH will consider the public testimony and written comments in determining if the projects will receive funding from tax–exempt and taxable obligations. Testimony and written comments regarding land use, zoning and environmental regulation should be directed to the local jurisdiction that is authorized to consider these matters when issuing building permits for the projects.
Anyone requiring an accommodation consistent with the Americans with Disabilities Act should contact Jeremy Wilkening at (206) 204-3830 at least 48 hours in advance of the hearing.
The results of the hearing will be sent to the Mayor of the City of Seattle for approval.
Community Roots Housing