NOTICE OF PUBLIC HEARING OF THE HEALTH, EDUCATIONAL AND HOUSING
FACILITY BOARD OF THE CITY OF MEMPHIS, TENNESSEE RELATIVE TO A PROPOSED
MULTIFAMILY HOUSING REVENUE BOND ISSUE
NOTICE IS HEREBY GIVEN that Charles E. Carpenter, Esq., Legal Counsel to The Health, Educational and Housing Facility Board of the City of Memphis, Tennessee (the “Board”) has been appointed as representative of the Board to hold a public hearing, as required under Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”), on Monday, April 28, 2025 at 10:30 a.m. Central Time. Due to prevailing law, including Rev. Proc. 2022-20, there will be NO physical meeting. Access to and participation in the public hearing will be made virtually by dialing into 1-866-730-7514, passcode 216716# at which time there will be an opportunity for persons to express their views concerning a request that the Board reissue its Multifamily Housing Revenue Bonds (MH Strategies Family RAD – College Park Projects), Series 2021, in one or more series, in an aggregate principal amount not to exceed Twenty-three Million Dollars ($23,000,000) (the “Bonds”). The proceeds of the Bonds are expected to be loaned to MH STRATEGIES FAMILY RAD II, LP, a Tennessee limited partnership or its successors or assigns (the “Borrower”) for the purpose of refinancing the acquisition, design, construction, reconstruction, rehabilitation, installation and equipping of approximately 341 units of multifamily residential rental housing for individuals and families of low and moderate income in the City of Memphis, Tennessee, as follows:
An approximate amount not to exceed Eight Million Dollars ($8,000,000) of the Bonds may be spent on a rental housing community comprised of approximately 80 units known as College Park Senior and located at approximately:
943, 945, 949, 951, 955, 957, 961, 963, 967, 969, 973, and 975 College Park Dr 38126
838 Walker Ave 38126
An approximate amount not to exceed Twelve Million Dollars ($12,000,000) of the proceeds of the Bonds may be spent on a rental housing community comprised of approximately 107 units made up of a mix of apartment units and single family homes known as College Park Family I and located at approximately:
932 College Park Dr 38126
942 College Park Dr 38126
946 College Park Dr 38126
950 College Park Dr 38126
954 College Park Dr 38126
958 College Park Dr 38126
962 College Park Dr 38126
966 College Park Dr 38126
970 College Park Dr 38126
933 Neptune St 38126
939 Neptune St 38126
943 Neptune St 38126
947 Neptune St 38126
953 Neptune St 38126
957 Neptune St 38126
961 Neptune St 38126
965 Neptune St 38126
864 Millers Bend Dr 38126
868 Millers Bend Dr 38126
872 Millers Bend Dr 38126
876 Millers Bend Dr 38126
880 Millers Bend Dr 38126
884 Millers Bend Dr 38126
890 Millers Bend Dr 38126
896 Millers Bend Dr 38126
930 Millers Bend Dr 38126
934 Millers Bend Dr 38126
863 Neptune St 38126
867 Neptune St 38126
873 Neptune St 38126
879 Neptune St 38126
883 Neptune St 38126
887 Neptune St 38126
893 Neptune St 38126
857 Provine Ave 38126
863 Provine Ave 38126
869 Provine Ave 38126
942 Garden Row Dr 38126
948 Garden Row Dr 38126
952 Garden Row Dr 38126
956 Garden Row Dr 38126
960 Garden Row Dr 38126
964 Garden Row Dr 38126
968 Garden Row Dr 38126
972 Garden Row Dr 38126
978 Garden Row Dr 38126
An approximate amount not to exceed Fifteen Million Dollars ($15,000,000) of the Bonds may be spent on a rental housing community comprised of 154 units made up of a mix of apartment units and single family homes known as College Park Family II and located at approximately:
883 Dr Hollis F Price St 38126
889 Dr Hollis F Price St 38126
893 Dr Hollis F Price St 38126
894 Dr Hollis F Price St 38126
902 Dr Hollis F Price St 38126
772 E Alston Ave 38126
778 E Alston Ave 38126
783 E Alston Ave 38126
784 E Alston Ave 38126
787 E Alston Ave 38126
793 E Alston Ave 38126
803 E Alston Ave 38126
807 E Alston Ave 38126
813 E Alston Ave 38126
860 Garden Row Dr 38126
863 Garden Row Dr 38126
866 Garden Row Dr 38126
869 Garden Row Dr 38126
870 Garden Row Dr 38126
874 Garden Row Dr 38126
878 Garden Row Dr 38126
882 Garden Row Dr 38126
838 Green Park Ave 38126
814 Lemoyne Park Dr 38126
822 Lemoyne Park Dr 38126
845 Lenow Park Dr 38126
851 Lenow Park Dr 38126
855 Lenow Park Dr 38126
875 Lenow Park Dr 38126
876 Lenow Park Dr 38126
879 Lenow Park Dr 38126
885 Lenow Park Dr 38126
891 Lenow Park Dr 38126
897 Lenow Park Dr 38126
903 Lenow Park Dr 38126
923 Lenow Park Dr 38126
927 Lenow Park Dr 38126
933 Lenow Park Dr 38126
941 Lenow Park Dr 38126
945 Lenow Park Dr 38126
951 Lenow Park Dr 38126
955 Lenow Park Dr 38126
959 Lenow Park Dr 38126
963 Lenow Park Dr 38126
969 Lenow Park Dr 38126
973 Lenow Park Dr 38126
977 Lenow Park Dr 38126
983 Lenow Park Dr 38126
863 Millers Bend Dr 38126
867 Millers Bend Dr 38126
873 Millers Bend Dr 38126
879 Millers Bend Dr 38126
846 Porter St 38126
852 Porter St 38126
856 Porter St 38126
860 Porter St 38126
864 Porter St 38126
868 Porter St 38126
874 Porter St 38126
823 Provine Ave 38126
831 Provine Ave 38126
837 Provine Ave 38126
841 Provine Ave 38126
845 Provine Ave 38126
(collectively, the “Projects”). The Projects will be initially owned and operated by the Borrower, although the Borrower may enter into an agreement for the management of the Projects with an unrelated third-party management company.
The Bonds will be issued pursuant to Part 3, Chapter 101, Title 48 of the Tennessee Code Annotated (the “Act”). THE BONDS IF ISSUED SHALL NOT REPRESENT OR CONSTITUTE A DEBT OR PLEDGE OF THE FAITH AND CREDIT OR THE TAXING POWER OF THE BOARD, THE CITY OF MEMPHIS, THE STATE OF TENNESSEE, OR ANY POLITICAL SUBDIVISION THEREOF. NOR SHALL THE BONDS BE PAYABLE FROM ANY FUNDS OR PROPERTY OTHER THAN THOSE PLEDGED TO THE PAYMENT THEREOF. THE BONDS WILL BE PAYABLE SOLELY FROM REVENUES DERIVED FROM THE PROJECTS. THE BOARD HAS NO TAXING POWER.
Further information concerning this hearing can be obtained from Stephanie Bryant, Director of Operations, c/o The Health, Educational and Housing Facility Board of the City of Memphis, Tennessee, 65 Union Avenue, Suite 1120, Memphis, Tennessee 38103, telephone number (901) 527-6400. Any person interested in the reissuance of the Bonds or the location or purpose of the assets to be financed with the proceeds of the Bonds is invited to attend the public hearing (which may be continued or adjourned to a later date), and they will be given an opportunity to express their views both orally and in written form concerning the proposed reissuance of the Bonds and the financing of the Projects with the proceeds thereof.
This Notice is given pursuant to the provisions of the Act, Sections 8-44-101 to 8-44-111 inclusive of the Tennessee Code Annotated, and Section 147(f) of the Code.
Daniel T. Reid, Chair, The Health, Educational and Housing Facility Board of the City of Memphis, Tennessee