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TEFRA Notice of Public Hearing – Pride Place

Community Roots Housing (the “Issuer”) will hold an open public hearing on Friday, September 10, 2021, at 12 p.m. on the proposed issuance by the Issuer, pursuant to chapter 35.21 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 Pride Place 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:

 

$32,000,000

Project Principal User:

Broadway LGBTQ Senior LLLP, a Washington limited liability limited partnership

 

Project Description:

Construction and equipping of an approximately 118-unit multifamily housing complex to be known as Pride Place

 

Project Location:

One or more units within a condominium building to be located at 1515-1519 Broadway, Seattle, Washington 98122

 

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 Issuer at (206)329-7303 if you have any questions regarding attending the hearing remotely.

Telephone Dial-In Instructions:
TOLL-FREE CALL-IN NUMBER: 1 (800) 511-7985
ACCESS CODE: 3654724#

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 Issuer at 1620 12th Avenue, Suite 205, Seattle, Washington 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 Issuer 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 Issuer, at least 24 hours prior to the time of the hearing, at (206)329-7303.

Thank you,
Community Roots Housing

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