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Providing Housing Resources With an Eagerness to Serve
NOTICE OF PUBLIC HEARING
March 11, 2021
10:00 a.m. via Zoom
The Oklahoma Housing Finance Agency (“OHFA”) is empowered under the Oklahoma Public Trust Act, Title 60 Oklahoma Statutes 2011, Sections 176 et seq., as amended, and pursuant to the Trust Indenture dated as of May 1, 1975 (as amended and restated in a Second Amended Trust Indenture dated as of November 4, 1986, and amended and restated by the Third Amended Trust Indenture having the effective date of August 19, 2002), to issue mortgage revenue bonds for the purpose of funding single family home mortgage loans and homebuyers’ assistance to eligible borrowers of low and moderate income purchasing eligible residences within Oklahoma (the “State”).
OHFA is considering the issuance of not to exceed $310,000,000 in aggregate principal amount of tax-exempt mortgage revenue bonds, notes or similar forms of indebtedness (the “Bonds”) as a part of its 2021 single family housing loan program (the “Program”). The Bonds, a portion of which may refund certain outstanding bonds of OHFA, will be issued for the purpose of making funds available for home loans and homebuyers’ assistance to eligible persons or families of low to moderate income under the Program. It is the intention of OHFA to issue the Bonds pursuant to one or more indentures of trust, in one or more series and as one or more issues. The Bonds, including any remarketing or refunding thereof, are being issued as part of a common plan of financing of OHFA.
Pursuant to Section 147(f) of the Internal Revenue Code of 1986 (the “Code”), the Authority will hold a hearing to be conducted by an authorized representative of the Authority. The public hearing will be held via teleconference as permitted under Revenue Procedure 2020-21 because of the COVID-19 pandemic. No in-person attendance will be permitted. Those wishing to participate may participate in the following ways on March 11, 2021, at 10:00 a.m.:
Toll-free Conference Call number: 1(844) 844 – 0212
Access Code: 356868#
Meeting ID: 890 7052 9339
The public hearing will be convened for the purpose of determining whether OHFA should issue not to exceed $310,000,000 in aggregate principal amount of Bonds in furtherance of the Program and the plan of finance. The monies made available by reason of the issuance of the Bonds together with other available funds will be used to make mortgage loans and to provide homebuyers’ assistance to eligible low and moderate income persons and families purchasing eligible residences throughout the State. Interested members of the public are invited to attend the hearing in the manner set forth above and will be given the opportunity to ask questions or to make a brief statement regarding the proposed bond issuance. At or prior to the above hearing time, written comments may be mailed or delivered to the attention of Lee Ann Smith of OHFA at P.O. Box 2670, Oklahoma City, Oklahoma 73126-0720 to arrive prior to said hearing. Telephone comments will be received prior to the hearing time by Lee Ann Smith of OHFA at (405) 419-8243.