LEGAL NOTICE: Notice of Public Hearing Concerning Issuance of Bonds or Other Obligations to Finance Residential Rental Housing Projects – January 31, 2025
Notice is hereby given that the Community Development Administration (the “Administration”), a unit of the Division of Development Finance of the Maryland Department of Housing and Community Development, will conduct a public hearing from 10:00 am to 10:30 am, on Friday, January 31st, 2025.
THIS PUBLIC HEARING WILL BE CONDUCTED SOLELY VIA TELECONFERENCE. PARTIES INTERESTED IN PARTICIPATING IN THE PUBLIC HEARING SHOULD CALL (toll-free) 1-800-201-5203 PIN: 571234 DURING THE PUBLIC HEARING TIME.
All members of the public are invited to participate in the hearing which will concern the plan of financing, including the loan funded from the proceeds of private activity bonds issued by the Administration and/or the State of Maryland (the “State”) acting through its Board of Public Works, for financing the acquisition, construction, renovation, rehabilitation or other costs of the multifamily residential rental housing project listed below (the “Project”) in an amount not to exceed the maximum aggregate amount of private activity bond obligations to be issued for such Project as set forth below (or refunding of any obligation by other obligations in amounts up to such maximum aggregate principal amount.) Additional information relating to the bonds to be issued and the Project is available upon request by writing to Benedict Durant at 7800 Harkins Road, Lanham, MD 20706 or at benedict.durant@maryland.gov or calling 301-429-7823.
| Project | Units | Prospective Address | Initial Owner, Operator, or Manager | Maximum Aggregate Amount of Obligations to be Issued |
|---|---|---|---|---|
| Madison on North Market | 60 |
1724 North Market Street |
Madison 4 LLC | $20,000,000 |
| Penn Place II | 58 |
Marlboro Pike |
Penn Place II Owner LLC | $21,000,000 |
| Holly Lane | 170 |
4908 Crenshaw Avenue |
Justice Housing, Inc. | $34,000,000 |
| Hazelcrest Apartments | 48 |
5716-5720, 5722, 5724 Plainfield Avenue 5727, 5729 Onnen Road |
Baltimore Hazelcrest LLC | $11,000,000 |
| Hamlet Woods | 59 |
Located on approximately 5.25 acres at the northern terminus of 57th Avenue in Bladensburg, MD situated east of Templeton Elementary School and west of Blue Heron Way. Prince George’s County |
Hamlet Apartments LLC | $20,000,000 |
| Cottages at Riverhouse II | 52 |
1009 Riverhouse Drive |
Severn Development Company LLC | $7,000,000 |
| Essex Co-op | 209 |
1000 Franklin Avenue |
Essex 2 LP Maryland Limited Partnership | $37,000,000 |
All interested parties are invited to submit written comments in advance or present oral comments by teleconference at the public hearing regarding the issuance of bonds, notes, or other obligations of the Administration and/or the State for the Projects being financed. Written comments or notice of intent to present oral comments should be received by the Administration on or before January 30th, 2025 and should be submitted to Benedict DuRant, Housing Development Programs, 7800 Harkins Road, Lanham, Maryland 20706 or benedict.durant@maryland.gov. Oral comments will be limited to presentations of no more than five (5) minutes per person.