READ RESPONSE TO ARIZONA REPUBLIC ARTICLE

READ RESPONSE TO ARIZONA REPUBLIC ARTICLE

READ RESPONSE TO ARIZONA REPUBLIC ARTICLE

tefra notices

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.

NOTICES OF UPCOMING
PUBLIC HEARINGS

*if no information is listed below, then there are no public hearings currently scheduled.

Wednesday, January 26, 2022 at 11:00 AM MST

Brief SummaryNotice of Public Hearing regarding the proposed issuance by the Arizona Industrial Development Authority in one or more series of its tax-exempt and/or taxable revenue notes, bonds or other obligations, pursuant to a plan of financing in an aggregate principal amount not to exceed $40,000,000, the proceeds of which will be loaned to Phoenix Leased Housing Associates IV, LLLP, a Minnesota limited liability limited partnership, in order to finance or refinance, as applicable, all or a portion of the costs of the acquisition, construction, improvement, equipping and/or operation of a qualified residential rental facility (including improvements and facilities functionally related thereto), to be comprised of an anticipated 196 units (a portion of which will be set aside for occupancy by low- to moderate-income senior tenants (age-restricted)) situated on approximately 7.281 acres of real property located at 7750 West Encanto Boulevard, Phoenix, Arizona.