Notice of Public Hearing Concerning Issuance of Bonds or Other Obligations to Finance a Residential Rental Housing Project

Notice is hereby given that the Housing Opportunities Commission of Montgomery County Maryland ("HOC") will conduct a public hearing at 1:00 pm on Thursday, May 22, 2025 in person at HOC’s offices located at 10400 Detrick Avenue, Kensington, MD 20895.

The public hearing will concern the plan of financing, including the loans funded from the proceeds of private activity bonds issued by HOC, for financing the acquisition, construction, renovation, rehabilitation or other costs of the multifamily residential rental housing projects listed below (the "Projects") in an amount not to exceed the maximum aggregate amount of private activity bond obligations to be issued for such Projects as set forth below (or refunding of any obligation by other obligations in amounts up to such maximum aggregate principal amount).

Additional information relating to the bonds to be issued and the Project is available by writing Vivian Benjamin at the above address or calling 240-627-9590.

Name of Project: Garnkirk Farms Apartments
Number of Units in Project: 184
Prospective Location: 22600 Observation Drive, Clarksburg, MD 20871
Initial Owner, Operator, or Manager: Housing Opportunities Commission of Montgomery County
Maximum Aggregate Amount of Obligations to be Issued: $134,392,728

Name of Project: Metropolitan Apartments
Number of Units in Project: 308
Prospective Location: 7620 Old Georgetown Road, Bethesda, MD 20814
Initial Owner, Operator, or Manager: Housing Opportunities Commission of Montgomery County
Maximum Aggregate Amount of Obligations to be Issued: $284,834,000

Name of Project: The Sage
Number of Units in Project: 413
Prospective Location: Columbus Avenue and Baxter Street, Rockville, MD 20814
Initial Owner, Operator, or Manager: Housing Opportunities Commission of Montgomery County
Maximum Aggregate Amount of Obligations to be Issued: $182,000,000

All interested parties are invited to submit written comments or present oral comments at the public hearing regarding the issuance of bonds, notes, or other obligations of HOC for the Projects being financed. Oral comments may be given during the hearing. Oral comments will be limited to presentations of no more than five (5) minutes per person.

Written comments should be received by HOC via mail or email on or before 10:00 am on May 22, 2025 and should be submitted to Vivian Benjamin, Assistant Director of Federal Financing, at the address given above or Vivian.benjamin@hocmc.org.

Date published: May 14, 2025