00092809 —

May 5-15:30
Listing Began:

Description

Seller's Comments and Description:

NOTICE OF PUBLIC HEARING WITH RESPECT

TO PROPOSED REVENUE BOND FINANCING

BY THE DISTRICT OF COLUMBIA

9:30 A.M., May 8, 2025

+1 213-279-1455; Access Code: 948729657#

or

Teams app at https://www.microsoft.com/microsoft-teams/join-a-meeting

Meeting ID: 270 051 967 189;

Passcode: 4hd9qE78

Notice is hereby given that the District of Columbia (the “District”) will hold a public hearing regarding the proposed issuance by the District of its Revenue Bonds (National Community Reinvestment Coalition Issue), available to the public by video and teleconference using the videoconference link and toll-free dial in information provided below, in one or more series, pursuant to a plan of finance in an aggregate principal amount not to exceed $88,000,000 (the “Bonds”). The hearing is being held pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”). Proceeds of the sale of the Bonds will be loaned by the District to the National Community Reinvestment Coalition, Inc., a non-profit corporation organized and existing under the laws of the District of Columbia (the “Borrower”).

The proceeds of the Bonds, together with certain funds on hand, will be used to (A) refinance the District’s Revenue Bonds, Series 2018A (National Community Reinvestment Coalition Inc. Issue) and Revenue Bonds, Series 2018B (National Reinvestment Coalition Inc. Issue), the proceeds of which were used by the Borrower for certain costs of the acquisition, construction, furnishing, and equipping of 740 15 th Street, N.W., Washington, D.C. 20005 (Lot 37, Square 221), an 11-floor, 22-unit office building with a total area of approximately 175,508 square feet (the “Project”); (B) funding any credit enhancement costs, liquidity costs, capitalized interest or debt service reserve fund relating to the Bonds; and (C) paying cost of issuance and other related costs to the extent permissible relating to the Bonds.

The Borrower is the legal and beneficial owner and operator of the Project. The Bonds will not be a general obligation of the District and will not be a pledge, or involve the faith and credit or the taxing power, of the District.

The public hearing, which may be continued or adjourned, will be held on May 8, 2025 at 9:30 AM by teleconference open to all members of the public. The call in information is at the top of this notice. Residents of the District of Columbia and persons interested in the proposed issuance of the Bonds, or the location or nature of the proposed project, may present up to 3 minutes of oral testimony at the public hearing by providing their names, addresses, telephone numbers, and organization represented (if any) to William A. Liggins at (202) 727- 6365 or william.liggins@dc.gov by the close of business on May 5, 2025. Witnesses should submit a written copy of their oral testimony from the hearing. Additional written statements, which will be made part of the official record, may also be submitted by email to Mr. Liggins at william.liggins@dc.gov or by mail to: Revenue Bond Program, 1015 Half Street, SE, Suite 675, Washington, DC 20003, Attention: William Liggins, Director by May 6, 2025.

April 28, 2025 Ad#92809





wash-times

Member Since:
Jan 24, 2017

Washington, DC, 20002

(202) 636-3109

Visit My Web Site

Powered by Geodesic Solutions, LLC