NOTICE OF PUBLIC HEARING ON PROPOSED MULTIFAMILY HOUSING REVENUE BONDS FINANCING BY THE HOUSING AUTHORITY OF THE CITY OF WILMINGTON, NORTH CAROLINA

NOTICE OF PUBLIC HEARING ON PROPOSED MULTIFAMILY HOUSING REVENUE BONDS FINANCING BY THE HOUSING AUTHORITY OF THE CITY OF WILMINGTON, NORTH CAROLINA Notice is hereby given that the Board of Commissioners of the Housing Authority of the City of Wilmington, North Carolina (the "Authority") will hold a public hearing on its proposed plan to issue multifamily housing revenue bonds, in one or more series, in a maximum aggregate principal amount up to $20,000,000 (the "Bonds") for the financing of the acquisition, rehabilitation and equipping by Solomon Towers, LLC, a North Carolina limited liability company, or an affiliated or related entity (the "Borrower"), of a qualified residential rental project (as defined in Section 142(d) of the Internal Revenue Code of 1986, as amended) known as Solomon Towers (the "Development"). The Development consists of approximately 150 units and is located at approximately 15 Castle Street in the City of Wilmington, North Carolina. The Development will be owned or operated by the Borrower. The housing bonds, when and if issued by the Authority, will be issued pursuant to Article 1 of Chapter 157 of the General Statutes of North Carolina and shall not be a debt of the State of North Carolina (the "State"), the Authority or the City of Wilmington, North Carolina (the "City") or any political subdivision thereof and none of the State, the Authority, the City or any political subdivision thereof shall be liable thereon, nor in any event shall such bonds be payable out of any funds or properties other than those of the Authority derived solely from payments made by the Borrower. The public hearing, which may be continued or adjourned, will be held on June 2, 2026, at 4:00 p.m. (or as soon thereafter as the hearing is held) at 415 N. 12th Street, Wilmington, North Carolina 28401. Any person interested in the issuance of the Bonds or the Development may appear and be heard at the public hearing. Any person wishing to comment in writing on the Development or the issuance of the Bonds should do so no later than June 2, 2026, by mailing such comments to Tyrone Garrett, Chief Executive Officer, Housing Authority of the City of Wilmington, North Carolina, 1524 South 16th Street, Wilmington, North Carolina 28401. HOUSING AUTHORITY OF THE CITY OF WILMINGTON, NORTH CAROLINA Tyrone Garrett, Chief Executive Officer May 26 2026 LWLM0525123