NOTICE OF PUBLIC HEARING FOR “PLAN OF FINANCING” OF BONDS

Posted 08/28/2020

NOTICE OF PUBLIC HEARING FOR
“PLAN OF FINANCING” OF BONDS
POSTED ON WWW.SCHOUSING.COM

Notice is hereby given by the South Carolina State Housing Finance and Development Authority (the “Authority”) of its “plan of financing” through a public hearing related to the proposed issuance of not exceeding $150,000,000 South Carolina State Housing Finance and Development Authority Mortgage Revenue Bonds, Series 2020B (or such other numbering convention as shall be appropriate) in one or more series (the “Bonds”) pursuant to Chapter 13 of Title 31, Code of Laws of South Carolina, 1976, as amended. The Bonds issued in one or more series pursuant to the Authority’s “plan of financing” are to be issued for the primary purpose of providing funds which, together with other moneys of the Authority, will be used (i) to purchase Mortgage Loans or Mortgage Backed Securities to finance single family residences in South Carolina pursuant to the Authority’s Mortgage Revenue Bond Program including payment of a servicing release premium, (ii) to fund the Bond Reserve Requirement and certain other Funds and Accounts with respect to the Bonds, and (iii) to pay the costs of issuing the Bonds.

Due to the current public health emergency, the public hearing will be conducted telephonically on Tuesday, September 15, 2020 at 9:30 a.m. and the public will not be able to attend in person. However, all persons who wish to listen to the public hearing may join by calling toll-free at 1-800-753-1965 and using access code 8969060. All persons who intend to express their views for or against the proposed issuance of Bonds, the nature of the financing, or the approval of the issuance of the Bonds must contact the Authority, not less than 24 hours prior to the public hearing, via email to tracey.easton@schousing.com to inform the Authority of your intent to do so. Those who participate in the public hearing will be permitted to address the Authority regarding the financing or the Bonds for a period of up to three minutes. Members of the public may also submit written statements in advance of the public hearing to Tracey C. Easton, General Counsel, South Carolina State Housing Finance and Development Authority, 300-C Outlet Pointe Boulevard, Columbia, South Carolina 29210 or tracey.easton@schousing.com.

Bonita Shropshire
Executive Director

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