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9/4 Public Hearing for Housing Authority Bond for financing Arrowhead Grove Phase 2

NOTICE OF PUBLIC HEARING
CITY COUNCIL OF THE CITY OF SAN BERNARDINO

NOTICE IS HEREBY GIVEN that the City Council of the City of San Bernardino on Wednesday, September 4, 2019 at 7:00 PM at the City Council Chamber in the Norman F. Feldheym Central Library at 555 West 6th Street San Bernardino, California 92410 will hold a public hearing in accordance with Section 147(f) of the Internal Revenue Code of 1986 with respect to the proposed issuance by the Housing Authority of the County of San Bernardino of its multifamily housing revenue bonds in an aggregate principal amount not to exceed $60,000,000, in order to finance the acquisition, construction and equipping of a 184-unit multifamily rental housing development and a functionally related and subordinate multi-purposed community building, to be located on approximately eight acres of property at the Southeast corner of Waterman Avenue and Baseline Street, in the City of San Bernardino, County of San Bernardino, California, described below:

Name:  Arrowhead Grove, Phase 2
Location:  Southeast corner, Waterman Avenue and Baseline Street, San Bernardino, California
Number of units:  184
Maximum Bond Amount:  $60,000,000

The owner or operator of the project will be a limited partnership of which National Community Renaissance of California, a California nonprofit public benefit corporation (“National CORE”), or an affiliate of National CORE, will be the managing general partner.  A total of not less than 147 units in the project are to be income and rent restricted.

Notice if further given that at said hearing all interested parties will have an opportunity to be heard on the question of whether or not such multifamily housing revenue bonds should be issued.  If you have any questions regarding the public hearing, please contact Gretel Noble, Housing Manager, at (909) 384-7270.

DATED: August 21, 2019
CITY OF SAN BERNARDINO

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