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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 TELEPHONIC PUBLIC HEARING CONCERNING THE ISSUANCE BY THE HOUSING FINANCE AUTHORITY OF LEON COUNTY, FLORIDA OF NOT EXCEEDING $75,000,000 OF ITS MULTIFAMILY HOUSING REVENUE BONDS (TALLAHASSEE AFFORDABLE HOUSING PORTFOLIO).

Notice is hereby given that on February 8, 2022, at 10:00 a.m., or as soon thereafter as practicable, the Housing Finance Authority of Leon County, Florida (the "Authority"), will conduct a public hearing via the following toll-free telephonic conference line in lieu of physical presence at the public hearing:

DIAL IN NUMBER: (866) 569-3761
PARTICIPATION CODE: 8537016177

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 (Tallahassee Affordable Housing Portfolio) (the "Bonds"), in an aggregate principal amount of not exceeding $75,000,000, in one or more series. The Bonds will be issued to finance a loan (the "Loan") to be made by the Authority to The Affordable Housing Preservation Corporation, a Florida non-profit corporation, or some entity in which The Affordable Housing Preservation Corporation is a managing member or general partner and/or controlling stockholder (the "Borrower"). The proceeds from the Loan will be used by the Borrower to finance the acquisition, rehabilitation, and equipping of the following (collectively, the "Developments"):

  1. a 168-unit multifamily rental housing project known as "Social 1600" to be rented to persons or families of moderate, middle, or lesser income located 1600 Old Bainbridge Road, Tallahassee, Leon County, Florida, with proceeds of the Loan in an amount not to exceed $27,880,851 to be used to finance the acquisition, rehabilitation and equipping of Social 1600;
  2. a 168-unit multifamily rental housing project known as "The Hub" to be rented to persons or families of moderate, middle, or lesser income located 1303 Ocala Road, Tallahassee, Leon County, Florida, with proceeds of the Loan in an amount not to exceed $25,736,170 to be used to finance the acquisition, rehabilitation and equipping of The Hub; and
  3. a 134-unit multifamily rental housing project known as "Social Tallahassee" to be rented to persons or families of moderate, middle, or lesser income located 1327 High Road, Tallahassee, Leon County, Florida, with proceeds of the Loan in an amount not to exceed $21,382,979 to be used to finance the acquisition, rehabilitation and equipping of Social Tallahassee.

The Bonds will be payable from the revenues of the Developments and 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

January 28, 2022


The Housing Finance Authority (HFA) is a seven member, dependent special district. Since its creation, the HFA has issued or joined with other counties to issue single-family mortgage revenue bonds. This year the HFA recommended to the County to continue its ten-year association with Escambia County Housing Finance Authority to issue bonds, using the combined allocations of many counties to maximize funds, obtain the lowest possible interest rate and allow moving of mortgage fund allocation from one county to another as the need dictates.

Each County Commissioner appoints one member to the Housing Finance Authority. These members volunteer their time, which averages three and a half hours per month. Members are as follows: