Notice of Public Hearing

The Philadelphia Housing Authority (the "Authority") will hold a public hearing on Friday, October 28, 2016 at 11:30 a.m. at its offices located at 12 S. 23rd Street - 6th Floor, Philadelphia, PA, 19103, with respect to the proposed issuance by the Authority of its tax-exempt revenue bonds pursuant to a plan of finance, in one or more series, in an aggregate principal amount not to exceed $34,000,000 (exclusive of any original issue discount or premium) (the "Bonds").

PROJECT OWNER:  Philadelphia Housing Authority Development Corporation (the "Borrower"), a Pennsylvania development corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code (the "Code")

PROJECT USER:  Philadelphia Housing Authority ("PHA")

PROJECT:  The proceeds of the Bonds will be used to make a loan to the Borrower to (i) pay or reimburse the Borrower for expenditures for all or a portion of the costs of acquisition, construction, renovation, improvement, furnishing and equipping an approximately 134,000 sq.ft., 5-floor mixed-use building , to include offices on the top 4 floors and retail on the 1st  level, to be leased to and operated by PHA (the "Project Facilities") and the land on which the Project Facilities are situate, all of which is bounded by Jefferson St. to the north, Ridge Ave. to the west, Master St. to the south and 20th St. to the east, in Philadelphia PA, 19121 (ii) fund any required reserves, (iii) fund payment of capitalized interest and (iv) pay costs of issuance of the Bonds.

At the public hearing, any and all persons in attendance will be afforded an opportunity to comment on the proposed project and the issuance by the Authority of its Bonds therefor.  If you need an accommodation due to a disability and want to attend a meeting, please call 215-684-4327 at least 24 hours in advance so arrangements can be made.
This notice is published, and the public hearing is being held by and on behalf of the Authority as the issuer of the Bonds, as required by Section 147(f) of the Code, and regulations promulgated thereunder.