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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 $18,900,000 OF ITS MULTIFAMILY HOUSING MORTGAGE REVENUE NOTE (MAGNOLIA FAMILY).

Notice is hereby given that on August 25, 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 at the office of: 615 Paul Russel Road, Tallahassee, Florida 32301. As an alternative to attending in person, the Authority also provides the following toll-free telephonic conference line for telephonic participation: Dial-In Number: (866) 569-3761; Participation Code: 8537016177.

The public hearing is for the purpose of giving interested persons an opportunity to be heard on the proposed issuance by the Authority of its Multifamily Housing Mortgage Revenue Note (Magnolia Family) (the "Note"), in an aggregate principal amount of not exceeding $18,900,000, in one or more series. The Note will be issued to finance a loan (the "Loan") to be made by the Authority to Country Club Magnolia Family, 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, construction, and equipping of an 130-unit multifamily rental housing project known as "Magnolia Family" to be rented to persons or families of moderate, middle, or lesser income (the "Development"). The Development is located at 2712 Country Club Drive, Tallahassee, Leon County, Florida. The Note will be payable from the revenues of the Development 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 public hearing, 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

August 11, 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: