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Housing Finance Authority


Leon County Workers

The mission of the HFA is to consider opportunities that increase the availability of affordable housing in Leon County. This includes financing for owner-occupied single-family and multi-family housing units (townhouses and condominiums) and the sale of taxable bonds once approved by the Leon County Board of County Commissioners. The HFA receives revenue in the form of fees from the sale of tax bonds, program participation fees and lien payoffs from housing rehabilitation projects.


NOTICE OF PUBLIC HEARING CONCERNING THE ISSUANCE BY THE HOUSING FINANCE AUTHORITY OF LEON COUNTY, FLORIDA OF NOT EXCEEDING $13,000,000 OF ITS MULTIFAMILY HOUSING REVENUE
BONDS (MAGNOLIA TERRACE APARTMENTS).

Notice is hereby given that on April 15, 2019, at 3:00 p.m., the Housing Finance Authority of Leon County, Florida (the "Authority"), will conduct a public hearing at the office of:

The Housing Finance Authority of Leon County, Florida
918 Railroad Avenue
Tallahassee, Florida 32310

for the purpose of giving interested persons an opportunity to be heard on the proposed issuance by the Authority of its Multifamily Housing Revenue Bonds (Magnolia Terrace Apartments), Series 2019 (the "Bonds"), in an aggregate principal amount of not exceeding $13,000,000. The Bonds will be issued to finance a loan (the "Loan") to be made by the Authority to LIH Magnolia Terrace, LP, a Florida limited partnership, or some entity wholly owned or controlled by them (the "Borrower"). The proceeds from the Loan will be used by the Borrower to finance the acquisition and rehabilitation of an 108-unit multifamily rental housing project known as "Magnolia Terrace Apartments" to be rented to qualified tenants (the "Development"). The Development is located at 509 East Magnolia Drive, Tallahassee, Leon County, Florida. The Bonds will mature not later than forty (40) years from their date of issuance and will be payable from the revenues of the Development. The Bonds will not constitute an indebtedness of the Authority, Leon County, Florida, the State of Florida (the "State") or any political subdivision of the State within the meaning of any constitutional or statutory debt limitation or restriction. The Authority has no taxing power.

At such meeting, persons will be given an opportunity to express their views, both orally and through written statements which are submitted to the Authority on or before the public hearing. For further information, contact Mr. Mark Hendrickson, Administrator, Housing Finance Authority of Leon County, Florida, at (850) 671-5601. Should any person decide to appeal any decision made by the Authority, they will need a record of the proceedings and may need to ensure that a verbatim record of the proceedings is made, which record must include testimony and evidence upon which the appeals may be based.

In accordance with the Americans with Disabilities Act, persons with disabilities needing special assistance accommodations to participate in this proceeding should contact Mr. Mark Hendrickson, no later than two (2) days prior to the hearing at telephone number (850) 671-5601 for assistance; if hearing impaired, telephone the Florida Relay Service Numbers at (800) 955-8771 (TDD) or (800) 955-8700 (VOICE) for assistance.

This Notice is published pursuant to the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended, and Treasury Regulations Section 5f.103-2.

HOUSING FINANCE AUTHORITY OF LEON COUNTY, FLORIDA

April 5, 2019


Members
Name Term Original Date Appointed By
Stucks, Allen
stucksfam@comcast.net
Begin Term: 9.15.2015
End Term: 9.30.2019
Type: Four years
12.14.2010 Jane G. Sauls
Commissioner District II
George, Marnie
marnie.george@bipc.com
Begin Term: 7.12.2016
End Term: 9.30.2020
Type: Four years
7.12.2016 Mary Ann Lindley
Commissioner At-large I
Lewis, Thomas
nupe1963@aol.com
Begin Term: 4.9.2016
End Term: 9.30.2020
Type: Four years
4.9.2013 Bryan Desloge
Commissioner District IV
Rogers, Mike
mrogers@comcast.net
Begin Term: 10.23.2016
End Term: 9.30.2020
Type: Four years
8.23.2011 Kristin Dozier
Commissioner District V
Sharkey, Jeffrey
Capitol Alliance Group
jeff@capitolalliancegroup.com
Begin Term: 10.1.2017
End Term: 9.30.2021
Type: Four years
9.10.2013 Nick Maddox
Commissioner At-large II
Gay, Andrew
Grimsley and Company CPA's
Andrew@GrimsleyCPA.com
Begin Term: 10.1.2017
End Term: 9.30.2021
Type: Four years
7.12.2011 John Dailey
Commissioner District III
Milon, Gail
gail@ccwealthadvisors.com
Begin Term: 10.1.2017
End Term: 9.30.2021
Type: Four years
9.22.2009 Bill Proctor
Commissioner District I
918 Railroad Avenue, Tallahassee, FL 32310
Ph: 850.606.1900 | Fax: 850.606.1901 | Email: HFA@leoncountyfl.gov