Notices of Public Hearing
For certain types of private activity bonds, a public hearing (sometimes referred to as a “TEFRA hearing”) is mandated by the IRS to provide a reasonable opportunity for interested individuals to express their views, either orally or in writing, on the issuance of bonds and the nature of the improvements and projects for which the bond funds will be allocated. Please consult your tax lawyer should you have any questions regarding the requirements to satisfy the mandate of Section 147(f) of the Internal Revenue Code of 1986, as amended.
If no information is listed below, there are no public hearings currently scheduled.
HEARING DATE: Monday, March 9, 2026, at 11:00 a.m. local time (Arizona Time)
REFERENCE: Arizona IDA – Single Family Mortgage Revenue Bonds, Series 2026 – TEFRA Notice of Public Hearing
– Click the link below the Summary for the Notice in its entirety. File Type: PDF
BRIEF SUMMARY: A public hearing will be held by a representative of the Arizona Industrial Development Authority (the “Issuer”) on March 9, 2026, at 11:00 a.m. local time (Arizona Time), or as soon thereafter as the matter can be heard, regarding the proposed issuance by the Issuer of its single family mortgage revenue bonds in one or more tax-exempt and/or taxable series from time to time pursuant to a plan of financing to fund its single family mortgage loan and downpayment assistance program to finance qualifying residential mortgages under Section 143 of the Internal Revenue Code of 1986, as amended, for owner-occupied single-family dwelling units to be occupied by persons of low and moderate income (“Mortgage Loans”), in an amount not to exceed $270,000,000 (the “Bonds”), the proceeds of which will be used by the Issuer to provide funds to: (i) pay all or a portion of the costs of issuance of the Bonds and (ii) finance Mortgage Loans for qualifying newly constructed, rehabilitated and existing single family residences to be located within the Counties of Apache, Cochise, Coconino, Gila, Graham, Greenlee, La Paz, Mohave, Navajo, Pinal, Santa Cruz, Yavapai, and Yuma in the State and other areas where the Issuer is permitted to operate as set forth in Arizona Revised Statutes Section 35-901 et seq. and Section 35-701 et seq. (the “Eligible Area”), which Mortgage Loans will be originated by participating mortgage-lending institutions operating in the Eligible Area. For more information and for information on how to attend the public hearing, please see the complete Notice of Public Hearing linked below, which includes toll free dial-in information.
HEARING DATE: Friday, July 25, 2025, at 11:00 a.m. local time (Arizona Time)
REFERENCE: Flats at Ballpark Village, L.P., an Arizona limited partnership.
– Click the link below the Summary for the Notice in its entirety. File Type: PDF
BRIEF SUMMARY: A public hearing will be held by a representative of the Arizona Industrial Development Authority on July 25, 2025, at 11:00 a.m. local time (Arizona Time), or as soon thereafter as the matter can be heard, regarding the proposed issuance by The Industrial Development Authority of the County of Pima (the “Pima IDA”) of its revenue notes, bonds or other obligations in one or more series from time to time pursuant to a plan of financing, in an amount not to exceed $60,000,000 (the “Bonds”). The Bonds are expected to be used to finance a project located within the state of Arizona but outside of the jurisdiction of the Pima IDA and Pima County, Arizona. The proceeds of the Bonds will be loaned to Flats at Ballpark Village, L.P., an Arizona limited partnership (together with any of its successors or affiliates, the “Borrower”), for the purpose of financing and/or refinancing, as applicable, all or a portion of the costs of the acquisition, construction, improvement, development, equipping and/or operation of residential real property (including improvements and facilities functionally related and subordinate thereto) consisting of approximately 194 units, all or a portion of which will be set aside to provide housing for low- to moderate-income tenants, on certain real property generally located on the southwest corner of South Bullard Avenue and Yuma Road in Goodyear, Arizona, and to be known as “The Flats at Ballpark Village” (collectively, the “Facilities”). The Facilities will be owned and/or operated by the Borrower. For more information, including information on how to attend the public hearing, please see the complete Notice of Public Hearing linked below, which includes toll free dial-in information.