CLASSIFIEDS
00097628 —
Listing Began:
Description
Seller's Comments and Description:
NOTICE OF PUBLIC HEARING
ON PROPOSED ISSUANCE
BY THE FAIRFAX COUNTY
REDEVELOPMENT AND HOUSING AUTHORITY
OF MULTIFAMILY
REVENUE BONDS
Notice is hereby given that the Fairfax County Redevelopment and Housing Authority (the “FCRHA” or “Authority”) will hold a Public Hearing to discuss the issuance by the Authority of not to exceed $16,000,000 of multifamily revenue bonds or notes, in one or more series (the “Bonds”) under Section 142(a)(7) of the Internal Revenue Code, pursuant to a common plan of finance. The proceeds of the Bonds will be loaned to the Borrower named below to be used, along with other available funds, to: (1) finance or reimburse the cost of the acquisition, construction and equipping of a senior affordable rental housing project to be known as the Kindred Crossing Project (the “Project”), (2) fund capitalized interest and related reserves, if any, and (3) pay costs of issuance of the Bonds. The Project is to be located in Fairfax County at 6163A & B Leesburg Pike, Falls Church, Virginia 22044, and is anticipated to consist of 95 residential units, a health clinic and parking. The Borrower and owner of the Project will be Wesley Kindred Crossing LP.
This notice is published in accordance with, and the Public Hearing will be held by the Authority as the issuer of the Bonds as required by, Section 147(f) of the Internal Revenue Code. The Public Hearing will be held at the FCRHA Board Room located at 4530 University Drive, Fairfax, Virginia 22030 on Wednesday, November 12, 2025, at 7:00 p.m., before the Commissioners of the Authority. Persons wishing to speak at the public hearing are encouraged, but not required, to contact Nathaniel Strathearn prior to the public hearing at (703) 324-4115, TTY 711, or by email at Nathaniel.strathearn@fairfaxcounty.gov to indicate their desire to participate. Interested persons may also send written comments in advance of the Public Hearing to Julie Chen at Chao-Ying.Chen@fairfaxcounty.gov.
The Bonds would be limited obligations of the Authority payable solely from loan payments by the Borrower and other amounts pledged therefor. The Bonds would not be a debt of Fairfax County, the Commonwealth or any political subdivision thereof (other than the Authority) and neither Fairfax County nor the Commonwealth or any political subdivision thereof (other than the Authority) would be liable thereon, nor in any event would such Bonds be payable out of any funds or properties other than those pledged therefor. The Bonds would not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction.
Fairfax County is committed to a policy of nondiscrimination in all county programs, services and activities and will provide reasonable accommodations upon request. To request special accommodations, call 703-246-5101 or TTY 711. Please allow 48 hours in advance in order to make the necessary arrangements.
Run Date: November 3rd, 2025
AD#97628