NOTICE OF TELEPHONIC PUBLIC HEARING
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 revenue obligations (the “Bonds”) to finance the acquisition, construction and equipping of the qualified residential rental portion of a mixed-use facility with residential, commercial and community facilities located in Seattle, Washington, to be owned by Africatown Plaza LLLP, a Washington limited liability limited partnership. The public hearing will be held starting at 3 p.m. pacific time, on November 1, 2021 via teleconference number: 1 (800) 511-7985 Access Code 365-4724 (U.S. toll-free).
The Bonds 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 Bonds will be used to provide financing for the acquisition of an interest in land and the construction and equipping of the following project:
| Project | Africatown Plaza |
| Project Address: |
1120 23rd Avenue |
| Units: | 126 units |
| Total Estimated Cost | $57,000,000 |
| Estimated Maximum Note Amount | $29,000,000 |
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 Bonds 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) 204-3830, for receipt no later than 5 p.m. on October 29, 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.
Thank you,
Community Roots Housing
