Notice of Public Hearing
NOTICE OF PUBLIC HEARING
The Housing Authority of Snohomish County (the “Authority”) will hold an open public hearing with respect to a proposed plan of financing for the issuance by the Authority of one or more series of tax–exempt revenue bonds (the “Bonds”) in the aggregate principal amount of not to exceed $22,000,000. Proceeds of the Bonds will to be loaned to Marysville Cedar and Grove LLLP, a Washington limited liability limited partnership, for the acquisition, construction and/or equipping of a 124-unit multifamily housing facility to be located at 1098 Cedar Avenue, in Marysville, Washington to be known as Leonard Crossing. Each apartment will be a complete and separate dwelling unit consisting of living, eating and sanitation facilities. A portion of the units in the project financed with proceeds of the Bonds will be reserved for persons or households with low incomes.
The public hearing will be held starting at 10:30 on Thursday, June 11th at the offices of the Authority located at 12711 4th Avenue West, Everett, Washington 98204.
The Bonds will be issued pursuant to Chapter 35.82 of the Revised Code of Washington to finance qualified residential rental projects under section 142(d) of the Internal Revenue Code of 1986, as amended (the “Code”). The interest on the Bonds will be excluded from gross income for federal income tax purposes pursuant to Sections 103 and 142 of the Code, and the Bonds may be issued as one or more series issued from time to time and may include one or more series of refunding obligations.
Comments will be heard from all interested parties attending the hearing. Written comments may be directed prior to the hearing to the Authority at 12711 4th Avenue West, Everett, WA 98204 or by facsimile to (425) 290-5618, Attention: Laurie Olson, Chief Executive Officer. The hearing will constitute the public hearing required by Section 147(f) of the Code.
Published: Monday, June 1, 2026
