SOUTH CAROLINA STATE HOUSING FINANCE AND DEVELOPMENT AUTHORITY 

NOTICE OF PUBLIC HEARING 

WITH RESPECT TO NOT TO EXCEED $10,000,000 MULTIFAMILY HOUSING REVENUE BONDS OR NOTES (PICKENS GARDENS APARTMENTS PROJECT)

Notice is hereby given that a public hearing (“Public Hearing”), as required by Section 147(f) of the Internal Revenue Code of 1986, as amended, will be held by the South Carolina State Housing Finance and Development Authority (“Authority”) with respect to the proposed issuance by the Authority of its Multifamily Housing Revenue Bonds or Notes (Pickens Gardens Apartments Project), in one or more taxable or tax-exempt series (“Bonds”), in an amount not to exceed $10,000,000. The hearing will commence on July 2, 2025, at 10:30 a.m., or as soon thereafter as the matter can be heard, and will be held telephonically by the Authority.

The Bonds are expected to be issued pursuant to Act No. 76 of the Acts and Joint Resolution of the General Assembly of 1977, and Chapter 13, Title 31of the Code of Laws of South Carolina, 1976, as amended, by the Authority, a public body corporate and politic, and the proceeds from the Bonds will be used to finance a loan to DGA Pickens 2 LP, a Tennessee limited partnership (“Borrower”), to (i) pay a portion of the costs of acquiring, rehabilitating, and equipping a 76-unit multifamily, affordable housing development to be known as Pickens Gardens Apartments located in Pickens County, South Carolina (“Project”), and (ii) pay certain fees and expenses incurred in connection with the issuance of the Bonds.

The Project will be located on approximately 8.743 acres of land at 102 Garden Drive, Pickens, Pickens County, South Carolina 29671. The Project will be initially owned and operated by the Borrower. 

The Bonds will be limited obligations of the Authority payable solely from the loan repayments to be made by the Borrower to the Authority pursuant to a mortgage purchase or loan agreement.

The Public Hearing will be conducted telephonically 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 1-646-828-7666 and using meeting ID 1609596655. All persons who intend to express their views for or against the proposed issuance of the Bonds, the location and nature of the Project, 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 leeann.watson@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 Project or the Bonds for a period of up to three (3) minutes. Members of the public may also submit written statements in advance of the Public Hearing to Lee Ann Watson, General Counsel, South Carolina State Housing Finance and Development Authority, 300-C Outlet Pointe Boulevard, Columbia, South Carolina 29210 or leeann.watson@schousing.com.