NOTICE OF PUBLIC HEARING
DOÑA ANA COUNTY, NEW MEXICO
MULTIFAMILY HOUSING REVENUE BONDS
(PEDRENA APARTMENTS PROJECT)
NOTICE IS HEREBY GIVEN that a public hearing pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Tax Code"), will be held on behalf of the Board of County Commissioners of Doña Ana County, New Mexico (the "County") on Friday, April 24, 2026, at 8:30 a.m. local time, in connection with the issuance (though the reissuance for federal tax purposes) by the County of its tax-exempt Multifamily Housing Revenue Bonds (Pedrena Apartments Project), in the maximum aggregate principal amount of $14,022,929.75 (the "Bonds"). The hearing will be held in the Commission Chambers at 845 N. Motel Blvd., Las Cruces, NM 88007 and via teleconference accessible to the public at the following toll-free telephone number: (833) 548-0276 (US Toll Free), Conference ID: 937 0598 8843.
The public hearing is being held in connection with the issuance (though the reissuance for federal tax purposes) by the County of the above-captioned Bonds for the purpose of financing the acquisition, construction and equipping of an approximately 80-unit multifamily affordable housing complex for seniors located at or about 1955 El Paseo Drive, Las Cruces, Doña Ana County, New Mexico (collectively, the "Project"). The expected initial legal owner and principal user of the Project will be Thomas Development Co. ("TDC"), Northwest Integrity Housing Co. ("NIHC") and/or an affiliate thereof, which may include a partnership or other organization formed by TDC and/or NIHC (TDC, NIHC and/or such other partnership or other organization is referred to herein as the "Lessee"); the Lessee will occupy and operate the Project under the terms of one or more lease agreements between the Lessee and the County, as lessor. It is intended that the interest payable on the Bonds be excludable from the gross income of the owners thereof for federal income tax purposes pursuant to the applicable provisions of the Tax Code.
The County will, at the above time and place, receive any written comments from and hear all persons with views in favor of or opposed to the plan of financing, the proposed delivery of the Bonds and the use of the proceeds thereof to finance the Project. Public comment may also be submitted in written form via email to publicinput@donaanacounty.org (with copies to katherine.mckinney@modrall.com and tpschenken@taftlaw.com).
THE BONDS ARE SPECIAL, LIMITED OBLIGATIONS OF THE COUNTY. THE COUNTY SHALL NOT BE OBLIGATED TO PAY THE BONDS OR THE INTEREST THEREON, EXCEPT FROM ASSETS OR REVENUES PLEDGED THEREFOR. NEITHER THE COUNTY, THE STATE OF NEW MEXICO NOR ANY POLITICAL SUBDIVISION OF THE STATE OF NEW MEXICO IS OBLIGATED TO PAY THE PRINCIPAL OF OR INTEREST ON THE BONDS, AND NEITHER THE FAITH AND CREDIT NOR THE TAXING POWER OF THE COUNTY, THE STATE OF NEW MEXICO NOR ANY OTHER POLITICAL SUBDIVISION OR AGENCY OF THE STATE OF NEW MEXICO IS PLEDGED TO THE PAYMENT OF THE PRINCIPAL OF OR INTEREST ON, OR ANY REDEMPTION PREMIUM ON THE BONDS.
Dated this 16th day of April, 2026.
DOÑA ANA COUNTY, NEW MEXICO
By: County Clerk
April 16 2026
LACO0499991