MAINE STATE HOUSING AUTHORITY
Notice of Public Hearing on Proposed Issuance of Tax-Exempt Bonds
BOND SIZE: The Maine State Housing Authority ("MaineHousing") intends to issue up to $400,000,000 of tax-exempt bonds (the "Bonds"), in one or more series or in conjunction with other series, including a common plan of finance as contemplated by Section 147(f) (2)(c) of the Internal Revenue Code, the proceeds of which will be used to: (1) redeem and refund certain tax-exempt facility bonds of MaineHousing, the proceeds of which were used to finance qualified residential rental projects described below; (2) finance qualified residential rental projects described below; and (3) finance the costs of issuance, reserve funds and other valid purposes of MaineHousing.
Description of the Qualified Residential Rental Projects
Project Name and Location (Maine)
Number of Units/Beds
Principal
Amount
Initial Owner, Operator or Manager (or affiliate)
477 Minot Ave, 475-477 Minot Ave, Auburn
36
$7,000,000
477 Minot LP
48 Hampshire St., 48 Hampshire St., Auburn
53
$10,000,000
48 Hampshire Street LP
Maple Street Apartments, East side of Maple St. across from 32 Maple St., Augusta
34
$6,300,000
Maple Street, LP
Bradford Commons, 201 Husson Ave., Bangor
194
$11,500,000
Harbor Management Company
Grandview, 510 Grandview Ave., Bangor
39
$6,612,315
The Housing Foundation
Schoolhouse, 183 Harlow St., Bangor
60
$3,950,000
The Housing Foundation
Stearns, 80 Maine Ave., Bangor
32
$3,360,000
The Housing Foundation
Logan Street Apartments, 2-50 Logan St., Berwick
40
$10,600,000
Avesta Housing Management Corp.
Berwick Senior Housing, 20 Wilson St., Berwick
24
$5,285,532
Eastabrook School Limited Partnership
Sudbury Village Apartments, 12 Evergreen Road, Bethel
24
$3,600,000
Avesta Housing Management Corp.
Laconia House, 50 Laconia St., Biddeford
48
$9,169,922
Laconia House, LP
Highland Park, 12 Highland Ave., Camden
44
$6,600,000
Avesta Housing Management Corp.
Western Glen, 389 Wilton Rd., Farmington
23
$3,750,000
Western Glen LP
Quarry Ridge Apts., 60 Bow St., Freeport
34
$6,800,000
Firkin Associates, LP (a/k/a Quarry Ridge Housing Associates, LP)
Ridgewood - Phase III, 99 School St., Gorham
30
$6,450,000
Avesta Housing Management Corp.
Central Commons, 6 Beech St., Hallowell
32
$6,500,000
Central Commons Housing Partners LP / Preservation Management, Inc.
Penobscot Elder Homes, Wabanaki Way & Nohkomess St., Indian Island
24
$4,351,485
Penobscot Elder Housing Limited Partnership
Kenduskeag, 4067 Broadway, Kenduskeag
16
$1,450,000
The Housing Foundation
Foxwell I, 21 Manson Ave., Kittery
50
$7,500,000
Avesta Housing Management Corp.
101 Pine, 101 Pine St., Lewiston
40
$9,600,000
Avesta Housing Management Corp.
Dominican Court, 56 Birch St., Lewiston
45
$6,750,000
Avesta Housing Management Corp.
Lewiston Mill, 35 Beech Street, Lewiston
30
$6,100,000
Lewiston Mill LP
Lisbon Senior Village, 9 Gartley St., Lisbon
20
$3,000,000
Avesta Housing Management Corp.
Livermore Terrace, 27 Depot St., Livermore Falls
25
$3,750,000
Avesta Housing Management Corp.
Meadowbrook Apartments, 6-44 Meadowbrook Road, Livermore Falls
24
$3,600,000
Avesta Housing Management Corp.
Mechanic Falls Town Hall, 108 Lewiston St., Mechanic Falls
12
$3,180,000
Avesta Housing Management Corp.
Rustfield I Village Apartments, 7 Main St., Norway
24
$3,600,000
Avesta Housing Management Corp.
Rustfield II Village Apartments, 15 Main St., Norway
24
$3,600,000
Avesta Housing Management Corp.
481 Maine St., Poland
30
$6,650,250
Auburn Housing Authority
58 Boyd Street Apartments, 58 Boyd St., Portland
55
$11,352,407
58 Boyd Street, LP
977 Brighton, 977 Brighton Ave., Portland
40
$7,330,000
Avesta Housing Management Corp.
Bayside Heights, 59 Elm St., Portland
40
$9,600,000
Avesta Housing Management Corp.
Deering Place, 61 Deering St. & 510 Cumberland Ave., Portland
80
$14,500,000
Avesta Housing Management Corp.
Fallbrook, 60 Merrymeeting Drive, Portland
40
$9,600,000
Avesta Housing Management Corp.
Unity at Bayside, 4-22 Stone St., 176-184 Oxford St.,& 255 Cumberland Ave., Portland
33
$4,950,000
Avesta Housing Management Corp.
Kennebec St, 178 Kennebec St., Portland
47
$10,250,000
Saco Falls Management LLC
Sagamore Village Re-development, 21 Popham St., Portland
198
$37,000,000
Portland Housing Authority
Stevens Green, 5 Lovejoy St., Rockland
26
$6,000,000
Stevens Green Associates, LP / Preservation Management, Inc.
Pineledge Apartments, Ledgewood Drive, Saco
48
$3,500,000
The Caleb Group, Inc.
Breary Farms, 16 Breary Ave., Sanford
32
$2,000,000
The Caleb Group, Inc.
Meadowcreek Apts., 6 Gerrish Drive, Sanford
30
$2,000,000
The Caleb Group, Inc.
Bessey Commons II, 1 Bessey School Drive, Scarborough
54
$15,268,000
Bessey Commons II, LP/Stewart Property Management
Searsport Senior Housing, 30 Osprey Lane, Searsport
31
$5,147,000
The Housing Foundation
Sherwood Forest, 1 Mountainview Terrace, Skowhegan
26
$3,900,000
Avesta Housing Management Corp.
Boulette Building, 26 Mary St., Skowhegan
42
$8,820,000
C & C Realty Management
Fox School - Phase II, 10 East Main St., South Paris
20
$5,300,000
Avesta Housing Management Corp.
Westbrook Street - Phase I, 586-600 Westbrook St., South Portland
64
$14,000,000
Avesta Housing Management Corp.
Westbrook Street - Phase II, 586-600 Westbrook St., South Portland
45
$10,800,000
Avesta Housing Management Corp.
611 Main Street Apts., 611 Main St., South Portland
45
$9,311,565
South Portland Housing Authority
Landry Village Expansion, Land behind 111 Adam Court, (bounded by Westbrook Street, Tuell Street, and Adam Court), South Portland
30
$6,300,000
South Portland Housing Authority
Pine Street Apartments, 3 & 9 Pine St., Thomaston
16
$2,400,000
Avesta Housing Management Corp.
Water Street Apartments, 63 Water St., Thomaston
12
$1,800,000
Avesta Housing Management Corp.
Thompson Senior Housing, 51 S. Union Road, Union
31
$5,755,000
The Housing Foundation
Merici Woods, 21 Chase Ave., Waterville
28
$6,400,000
Merici Woods LP
Armory Falls Apartments, 901 Main St., Westbrook
51
$10,500,000
Armory Falls Housing Partners, L.P. / Preservation Management, Inc.
Larrabee Heights II, 30 Liza Harmon Drive, Westbrook
53
$10,017,000
Westbrook Housing Authority
Larabee Heights III, 30 Liza Harmon Drive, Westbrook
32
$6,048,000
Westbrook Housing Authority
Larrabee Woods II, 20 Liza Harmon Drive, Westbrook
12
$2,508,000
Westbrook Housing Authority
Westbrook Pointe, Terri Circle/26 Prospect St., Westbrook
182
$20,000,000
Spear Management Group, Inc.
New Marblehead North, 32 Sanbar Road, Windham
20
$3,000,000
Avesta Housing Management Corp.
New Marblehead Seniors, 21 Oak Lane, Windham
20
$3,000,000
Avesta Housing Management Corp.
STATUTORY AUTHORITY: 30-A MRSA §§4722(1), 4741, and 4871; 26 USC §§142 and 147(f).
DATE AND LOCATION OF HEARING: December 13, 2017 at 9:00 A.M., Maine State Housing Authority, 353 Water Street, Augusta, Maine. The hearing room is accessible to persons with physical disabilities and, upon sufficient notice, appropriate communication auxiliary aids will be provided for persons with disabilities.
COMMENTS: Oral comments may be presented at the hearing. Written comments may be submitted to MaineHousing through the date of the hearing.
CONTACT: Linda Uhl, Chief Counsel, Maine State Housing Authority, 353 Water Street, Augusta, Maine 04330-4633; Telephone Number: 1-800-452-4668 (voice in state only),(207) 626-4600 (voice), or 711 (Maine Relay).
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