Oregon Public Facility Authority Holding Jan 19th Hearing on Central City Concern Refinancing of 450 Units in 5 Projects.

Saw this in yesterday's Oregonian Public Notices

Notice of Public Hearing A public hearing will be held by the Executive Director of the Oregon Facilities Authority beginning at 1:00 p.m. on Tuesday, January 19, 2010 at the State Office Bldg., 800 NE Oregon St., Room 1E, Portland 97232 with respect to the issuance of not more than $4,550,000 aggregate face amount of tax exempt bonds to refinance five outstanding loans (the "Loans") used to acquire five facilities, to finance the remodeling of two of those facilities, and to pay costs of issuance the bonds.

Each of the facilities to be refinanced or remodeled is used by Central City Concern ("CCC"), a non-profit organization qualified under section 501(c)(3) of the Internal Revenue Code of 1986, as amended, in furtherance of its charitable mission to mitigate the effects of homelessness, poverty and addictions. Each of the facilities to be refinanced or remodeled is described below:

• Henry Building - an approximately 60,802 square foot facility located at 309 SW Fourth Ave., Portland, OR with 153 units of low income housing, space used by CCC in its Community Engagement Program, and approximately 6,637 square feet of commercial space.
• Letty Owings Center - an approximately 17,074 square foot facility located at 2545 NE Flanders St., Portland, OR used as a 37-unit residential drug treatment facility.
• Medford Building - an approximately 27, 840 square foot facility located at 506 NW 5th Ave., Portland, OR with 62-units of low income housing and approximately 12,300 square feet used as a homeless shelter.
• Sally McCracken Building - an approximately 35,989 square foot facility located at 532 NW Everett, Portland, OR with 95-units of low income housing and CCC administrative office space.
• Hatfield Building -an approximately 48,250 square foot facility located at 726 W. Burnside St., Portland, Oregon with 106 units of low income housing and approximately 4,082 square feet used by Central City Concern's Recovery Center.

Interested individuals may express their views, both orally and in writing. Oral comments at the public hearing will be limited to 10 minutes for each speaker. Written testimony may be submitted to the Oregon Facilities Authority, 1600 Pioneer Tower, 888 SW Fifth Avenue, Portland, Oregon, 97204, until the close of business on Monday, January 18, 2010, or at the hearing.

Originally created and posted on the Oregon Housing Blog.