SOUTH CAROLINA STATE HOUSING FINANCE 
AND DEVELOPMENT AUTHORITY

NOTICE OF TELEPHONIC PUBLIC HEARING

WITH RESPECT TO NOT TO EXCEED $25,700,000 MULTIFAMILY HOUSING REVENUE BONDS OR NOTES (FAIRVIEW GARDENS APARTMENTS PROJECT)

NOTICE IS HEREBY GIVEN that a public hearing will be held by the South Carolina State Housing Finance and Development Authority (the “Issuer”), on Friday, December 12, 2025 at 9:10 a.m., or as soon thereafter as the matter can be heard, and will be held telephonically by the Issuer, in connection with the issuance by the Issuer of its Multifamily Rental Housing Revenue Bonds (Fairview Gardens Apartments Project), Series 2026 (the “Bonds”), in one or more tax-exempt and/or taxable series, as part of a plan of financing in an aggregate principal amount not to exceed $25,700,000. The Bonds will be an issue of “exempt facility bonds” issued to finance a “qualified residential rental project” as defined in Section 142(a)(7) of the Internal Revenue Code of 1986, as amended (the “Code”). 

Principal User of Bonds and Project. The Issuer will issue the Bonds under one of more Trust Indentures (the “Indenture”) between the Issuer and U.S. Bank Trust Company, National Association (the “Trustee”) and will use the proceeds of the Bonds to provide funds to a financial institution or institutions (the “Lender”) to fund a mortgage loan or loans (the “Mortgage Loan”) to Fairview Gardens Preservation, L.P., a New York limited partnership (the “Borrower”), to finance the acquisition of Fairview Gardens Apartments, a 160-unit affordable rental apartment community on an approximately 20.24-acre parcel of land located at 1101 Williamston Road, Anderson, South Carolina 29621 in Anderson County, South Carolina, and the substantial rehabilitation, furnishing and equipping thereof (the “Project”), to be owned by the Borrower. 

Limited Obligation. The Bonds will be payable by the Issuer solely and exclusively out of payments to be made by the Borrower and the Trust Estate pledged to the Trustee under the Indenture. The Bonds will not constitute an indebtedness of the Issuer, the State of South Carolina, or any political subdivision thereof within the meaning of any South Carolina constitutional provision or statutory limitation nor give rise to a pecuniary liability of the Issuer, the State of South Carolina, or any political subdivision thereof. The Bonds will not constitute a charge against the general credit or taxing powers of the Issuer, the State of South Carolina, or any political subdivision thereof. The Issuer has no taxing authority.

Teleconference Only.  Pursuant to IRS Revenue Procedure 2022-20 allowing remote telephonic hearings to qualify as “public hearings” required for private activity bonds under Section 147(f) of the Internal Revenue Code of 1986, as amended, the Public Hearing will be conducted telephonically on Friday, December 12, 2025 at 9:10 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 1 646 828 7666 US: Meeting ID: 160 959 6655. All persons who intend to express their views for or against the proposed issuance of the Bonds, the nature of the financing, or the approval of the issuance of the Bonds must contact the Issuer, not less than 24 hours prior to the Public Hearing, via email to LeeAnn.Watson@schousing.com to inform the Issuer of your intent to do so.  Those who participate in the Public Hearing will be permitted to address the Issuer 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 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.

SOUTH CAROLINA STATE HOUSING FINANCE
AND DEVELOPMENT AUTHORITY
Richard A. Hutto, Executive Director