Public Hearing - Proposed Issuance of Single-Family Mortgage Revenue Bonds to Finance Homeownership Mortgage Loans and Down Payment Assistance

NOTICE OF PUBLIC HEARING - PROPOSED ISSUANCE OF SINGLE-FAMILY MORTGAGE REVENUE BONDS TO FINANCE HOMEOWNERSHIP MORTGAGE LOANS AND DOWN PAYMENT ASSISTANCE Notice is hereby given that the Hawaii Housing Finance and Development Corporation (“the Corporation”) will conduct a public hearing, as required by Section 147(f) of the Internal Revenue Code of 1986, at which it will hear and consider comments concerning the proposed issuance, by the Corporation, of one or more series of mortgage revenue bonds, pursuant to a common plan of finance, over the next three years (the “Bonds”). The aggregate principal amount of Bonds to be issued will not exceed $95,000,000. The Bonds will not constitute a debt or obligation of the State of Hawaii. The purpose of the Bonds is to provide funds for the Corporation's Hale Kamaʻāina Single Family Mortgage Program (the “Program”) to finance single family mortgage loans and down payment assistance to qualified homebuyers for residences located throughout the State of Hawaii.