NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended, and Treasury Regulation 5f.103-2(f)(2) and other applicable laws and Treasury Regulations, a public hearing will be held by the Mississippi Home Corporation (the “Issuer”) on October 1, 2021, at 9:30 a.m., Mississippi time, at its offices located at 735 Riverside Drive, Jackson, Mississippi 39202, for the purpose of providing a reasonable opportunity for interested individuals to express their views, either orally or in writing, on the proposed issuance and sale by the Issuer of its multifamily housing revenue bonds in one or more tax-exempt and/or taxable series in an amount not to exceed $20,000,000 (the “Bonds”), in order to finance the Project hereinafter described.
The Issuer proposes to issue the Bonds for the purpose of financing the acquisition, construction, installation, and equipping of a combined 196 unit multi-family housing development consisting of two (2) separate multi-family housing developments more commonly known as (a) Beacon Pointe located at 4315 Orchard Avenue, Pascagoula MS 39581 and (b) Gardenia Grove located at 3801 Melton Street, Pascagoula MS 39581, together with functionally related and subordinate facilities and property (the “Project”). The Project will be owned by Beacon Pointe Apartments 2021 LLC and Gardenia Grove Apartments 2021 LLC, respectively, each a Delaware limited liability company and each wholly owned by Patriot Services Group, Inc., a Florida nonprofit corporation (together, the “Company”). The Bonds proposed to be issued shall be payable solely from revenues generated by the Company from the operation of the Project pursuant to Section 43-33-701 et seq. of the Mississippi Code of 1972, as amended, and shall never constitute an indebtedness of the Issuer within the meaning of any constitutional or statutory debt limitation or restriction.
More specific information concerning the Project is available for inspection at the office of the Issuer at 735 Riverside Drive, Jackson, Mississippi 39202.
Interested persons will have a reasonable opportunity to express their views, both orally and in written form, on the proposed issue of Bonds and on the location and nature of the proposed multifamily housing facility. Neither the full faith, credit nor taxing powers of the Issuer, the State of Mississippi, or any political subdivision thereof will be pledged or encumbered in any way by the Bonds.
Dated this 7th day of September 2021.
MISSISSIPPI HOME CORPORATION
/s/ Scott Spivey
Publish: September 17, 2021