Sunday, June 27, 2010

OHCS Public Hearing July 9th for August Single Family Bond Sale of Up to $150 Million.

Recently saw this public notice in the Oregonian (highlights added):
NOTICE OF PUBLIC HEARING FOR THE SALE OF TAX-EXEMPT SINGLE-FAMILY MORTGAGE BONDS STATE OF OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT The Oregon Housing and Community Services Department (the "Department") will hold a public hearing at 8:00 a.m. on Friday, July 9, 2010, in Room B-225 at 725 Summer Street NE, Suite B, Salem, Oregon, at which time any person may be heard regarding its proposed plan of financing. The Department proposes to issue tax-exempt single-family mortgage bonds to finance and/or refund bonds that were used to finance the acquisition, construction and improvement of owner-occupied residences for qualified persons in the State (the "Program"). The bonds will be issued in one or more series in an aggregate amount not to exceed $150 million. The Department will consider the information obtained at the public hearing and take appropriate action that it may deem warranted including submission of a transcript of the hearing to the Governor who must approve or disapprove, pursuant to Section 147(f) of the Internal Revenue Code of 1986, the issuance of the above-referenced tax-exempt bonds to finance the Program. It is the intention of the Department to issue these tax-exempt obligations on behalf of the State beginning in August 2010. All interested persons are invited to present comments at the public hearing (or to forward their written comments to the Department at the address shown below) concerning the issuance of the bonds and the purpose therefor. Victor Merced, Director Oregon Housing and Community Services Department 725 Summer Street NE, Suite B, Salem, OR 97301-1266 Dated: June 25, 2010

I don't yet see anything like an offering statement on OHCS website or  more information on Treasury bond calendar but will follow up and post when more information becomes available.

Originally created and posted on the Oregon Housing Blog.

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