Public Hearing Notice: Tax-Exempt Multi-Family Housing Mortgage Loan Issuance
PUBLIC HEARING NOTICE PURSUANT TO SECTION 147(f) OF THE INTERNAL REVENUE CODE OF 1986
Notice is hereby given of a public hearing to be held by Delaware State Housing Authority (the “Authority”) with respect to a tax-exempt multifamily housing mortgage loan (the “Tax-Exempt Loan”) to be issued by the Authority (in its borrowing capacity) in an aggregate principal amount not to exceed $14,500,000. The proceeds of the Tax-Exempt Loan will be loaned by the Authority to Church Street Station I, LLC (the “Borrower”), to finance a portion of the costs of purchasing and rehabilitating a multifamily residential rental project to be known as Church Street Station I (the “Project”). The Project will contain 80 rental units located in seven contiguous buildings located in Milford, Kent County, Delaware 19963, at the following street addresses: 107/109 Allen Way, 108/110 Allen Way, 111/113 Allen Way, 112/114 Allen Way, 201/203 Tull Way, 101-119 Bright Way and 100-118 Bright Way. The Project will be located on land ground leased to the Borrower.
The public hearing will be conducted for approximately one hour by teleconference on August 28, 2025, beginning at 10:00 a.m. Delaware time (EDT). During the public hearing, persons will have the opportunity to express their views orally by telephone or through the Webex link listed below. Persons may submit written statements to the Authority prior to, or during, the public hearing, as described below.
Persons wishing to participate in the meeting by telephone must use the toll-free telephone number and passcode listed below:
U.S. Toll free 1-302-504-8986; Access Code: 712 148 294#
Persons wishing to participate in the meeting by internet must use the Webex link listed below and use the meeting number and password also listed below:
Meeting number: 211 321 35 8926
Meeting password: Di7iJ2rh
Persons wishing to express their views through written statements must submit them before or during the public hearing to: Brian Rossello, Director of Housing Finance, Delaware State Housing Authority, 820 North French Street, 10th Floor, Wilmington, Delaware 19801 or by email to Brian Rossello at [email protected]. If the submission is by mail, it must be mailed in sufficient time to be received prior to the meeting. If the submission is made during the hearing, it must be made by email to Mr. Rossello. This notice is published and the above-described hearing is to be held in satisfaction of the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended.
