Notice of Public Hearing Regarding Tax Equity & Fiscal Responsibility Act for Woodland Village
May 4, 2021
Notice is hereby given that on Tuesday, May 25, 2021 at 6:00 pm New Hampshire Housing Finance Authority (the “Authority”) will hold a public hearing via teleconference in accordance with Emergency Order #12 pursuant to Executive Order 2020-04, and pursuant to IRS Revenue Procedures 2020-21 and 2020-49. The hearing will be open to the public by toll-free telephone. The following toll-free telephone number is provided to give the public access to the hearing; 1-800-644-9886. The Meeting ID is 144 666 55303. If callers experience problems accessing the teleconference hearing they can call Jessica McCarthy at (603) 310-9272. The hearing is with respect to the proposed issuance by the Authority, acting under and pursuant to New Hampshire Revised Statutes Annotated Chapter 204-C (the “Act”), of obligations in the maximum aggregate principal amount of $4,500,000 (the “Bonds”) (out of a total anticipated project cost of $8,229,000). The Bonds are proposed to be issued to provide financing as permitted under the Act for the following multi-family housing project (the “Project”): the acquisition of a portion of a 37.11 acre site located at Bog Road (referred to in the Tax Assessor’s office as Map 4 Lot 87-6) in the Town of Goffstown, County of Hillsborough , and State of New Hampshire (such 37.11 acre site constituting the “Overall Site”), and the construction, furnishing and equipping on such portion of a 32 unit multi-family residential rental housing development consisting of six buildings – that will have an aggregate square foot building area totaling approximately 30,856 square feet, and with all or substantially all of the units expected to be occupied by tenants having incomes no greater than 60% of area median income. The Overall Site will be divided into two phases. Phase I will be Buildings A – G, inclusive and Phase II will be buildings H – M, inclusive. All of the land will be owned in common by the unit owners. The owner of the Project (located on the Phase 2 Portion) will be WV2 Owner, LLC, a New Hampshire limited liability company, the managing member of which will be WV2 Managing Member, LLC (with the principals of the General Partner being Roberto Arista and Marc Daigle). The owner of the Phase 1 Portion, on which a 42 unit multi-family residential rental housing development not financed with any tax-exempt bond proceeds will be constructed, will be an affiliate of the owner of the Project. The Bonds will not be a general obligation of the Authority or a pledge of the faith and credit of the Authority or a debt, liability, obligation or pledge of the faith and credit of the State of New Hampshire or any political subdivision thereof.
Written comments will be accepted prior to and for two business days following the public hearing, and must be received by email, fax, or physical delivery no later than 4:30 p.m.
on the second business day following the hearing.
For more information, contact:
Jim Menihane, Director, MF Originations & Business Development New Hampshire Housing Finance Authority
32 Constitution Drive
Bedford, NH 03110