Title Montana Board of Housing - Butte Affordable Owner I & II TEFRA Public Hearing
Date 2020/03/20 - 2020/03/20
Time 10:00 AM
Location 301 S. Park Avenue, Suite 240 - Helena MT 59601
Contact name Paula Loving
Contact phone (406) 841-2824
Contact email ploving@mt.gov
Event type Legal notices
Event status
Author Paula Loving

 

NOTICE OF PUBLIC HEARING

MONTANA BOARD OF HOUSING

MULTIFAMILY HOUSING REVENUE BONDS

NOTICE IS HEREBY GIVEN of the intent of the Montana Board of Housing to hold a public hearing on the Board’s proposed issuance of: 

Up to $55,000,000 of its multifamily housing revenue bonds (the “Bonds”), the proceeds of which will be used to accomplish a plan of finance consisting of financing a loan or loans for the acquisition, rehabilitation and equipping of the (i) Silver Bow Home Apartments (ii) the Leggat Apartments, (iii) the Rosalie Manor Apartments and (iv) the Elm Street Apartments, affordable housing developments consisting of an aggregate 343 units located in multiple buildings and scattered sites at the following addresses in Butte, Montana:

Apartment:

Address

Number of

Units:

Maximum Amount of Bonds:

Silver Bow Home

220 Curtis St., Butte, MT 59701

212

$38,700,000

Leggat

50 West Broadway, Butte, MT 59701

30

$4,200,000

Rosalie Manor

1125 South Main St., Butte, MT 59701

66

$7,900,000

Elm Street

1500-1628 Elm Street, Butte, MT 59701

35

$4,200,000

The owner/borrowers will be (a) Butte Affordable Owner I LLC and (b) Butte Affordable Owner II LLC, as applicable, whose controlling owner shall be Butte Affordable Housing Solutions, LP, a Montana limited partnership, or another affiliate of Butte Affordable Housing, Inc. a Montana nonprofit corporation.

The hearing will be held at 10:00 a.m. on March 20, 2020, in the office of the Executive director of the Montana Board of Housing located at 301 South Park Avenue, Second Floor, Helena, Montana.  Oral comments are limited to five minutes; however, written comments will be accepted and included in the record of the public hearing.

At the time and place fixed for the hearing, all individuals who appear or who attend via conference call will be given an opportunity to express their views for or against the proposal to issue the Obligations, and all written comments previously filed with the Board at its offices at 301 South Park Avenue, Room 240, Helena, Montana, will be considered.  To attend the via conference call dial 877-273-4202 and when prompted enter 7233056#.  All those who are on the conference call will have the opportunity to offer their comments and concerns.

DATE: March 12, 2020

MONTANA BOARD OF HOUSING

By:                                                                        

Bruce Brensdal, Executive Director

301 South Park Avenue

Helena, MT  59620

(406) 841-2840


 

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