Meetings & Hearings
Meetings
Date/Time: October 15, 2026/11:00am
Location: 180 Association Drive Charleston, WV 25311 or attend via teleconference.
Dial in information
1-571-317-3122
Access Code: 977-466-181
Purpose: Monthly Board Meeting
October 15, 2026 Monthly Board Meeting Agenda
Hearings
Date/Time:
October 16,2026 9:00 A.M.
Location:
Northgate Business Park
180 Association Drive
Charleston, West Virginia 25311
NOTICE OF PUBLIC HEARING
NOTICE OF PUBLIC HEARING BEING HELD BY WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY WITH RESPECT TO THE PROPOSED ISSUANCE BY THE NATIONAL FINANCE AUTHORITY OF ITS TAX-EXEMPT BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $30,000,000 TO FINANCE A PROJECT, A PORTION OF WHICH IS LOCATED IN BOONE COUNTY, WEST VIRGINIA, FOR THE BENEFIT OF ADVANCED HOUSING & COMMUNITY SERVICES CORPORATION OF MARYLAND INC. (AND/OR ITS AFFILIATES)
Purpose:
YOU ARE HEREBY NOTIFIED, as required by Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”), that a public hearing will be held by the West Virginia Economic Development Authority (the “WVEDA”), or by a designee appointed to conduct the hearing, on October 16, 2026 at 9:00 a.m. Eastern Time, at NorthGate Business Park, 180 Association Drive, Charleston, West Virginia 25311 and via teleconference, Toll-Free Dial in Number: 1-877-304-9269, Guest Code: 587301, concerning a proposed issuance by National Finance Authority (the “Issuer”) of its tax-exempt bonds in an aggregate principal amount not to exceed $30,000,000 (the “Bonds”).
Advanced Housing & Community Services Corporation of Maryland Inc. (“AHCSC”), a Maryland nonstock, non-profit corporation that is described in Section 501(c)(3) of the Code (and its affiliates, the “Borrower”), proposes to obtain financing from the Issuer to fund a plan of finance that includes:
(A) acquiring personal property, the business operating at such property (including goodwill and other intangible property), and membership interests of the sellers of the foregoing:
(i) $30,000,000 of Bonds allocated to the business operations of Lotus Recovery Center of Comfort LLC located at 129 Deanna Avenue, Comfort, Boone County, West Virginia 25049 (the “Deanna Avenue Property”), which facilities comprise an approximately 25,000 square foot, two-story behavioral healthcare building situated on approximately 1.00 acre of land, originally constructed in 2010 and renovated in 2025, and are operated as an approximately 44-bed licensed ASAM Level 3.1 residential substance use disorder treatment facility, providing low-intensity residential treatment, recovery housing and support services, medication management, and individual and group counseling to individuals with substance use and co-occurring mental health disorders; and
(ii) The business operations at the property described in paragraph (i) above will be owned by Lotus Recovery Center of Comfort LLC, a single member limited liability company whose sole member is or will be Advanced Housing & Community Services Corporation of Maryland LLC, a single member limited liability company (the “LLC”), whose sole member is AHCSC;
(B) funding various reserves and the payment of capitalized interest on the Bonds, if any; and
(C) paying certain costs incident to the issuance of the Bonds (collectively, the “Project”).
The proposed Bonds will be a limited obligation of the Issuer, payable solely from loan repayments to be made by the Borrower, and will not constitute a general obligation or debt of the Issuer, the WVEDA, the State of West Virginia, the State of New Hampshire or any county, political subdivision or other governmental entity of either state. The Bonds are anticipated to be qualified 501(c)(3) bonds as defined in Section 145 of the Code for healthcare facilities. The Project will be located at the address set forth above. The initial legal owner and initial principal user of each portion of the Project will be the Borrower or the affiliate of the Borrower identified above with respect to such portion of the Project. The Bonds will be issued in one or more series pursuant to a plan of financing which may entail the financing or refinancing of the Bonds. The Bonds are expected to be part of a larger issue of tax-exempt bonds issued by the Issuer and the New Hampshire Business Finance Authority to finance projects for the Borrower in the State of West Virginia as well as other locations. Interested persons are invited to attend the public hearing at the location, date and time set forth above and will have a reasonable opportunity to express their views, both orally and in writing, on the proposed issuance of the Bonds and the location and nature of the proposed facilities to be financed or refinanced. The WVEDA requests that interested parties submit any comments in writing. Written statements may be submitted to the WVEDA prior to 9:00 a.m. Eastern Time on October 16, 2026. Any written statement submitted prior to the hearing, and all attendance inquiries, should be directed to Teresa Helmick, General Counsel at the West Virginia Economic Development Authority, 180 Association Drive, Charleston, West Virginia 25311 or via email at teresa.w.helmick@wv.gov.
DATE OF NOTICE: October 7, 2026
WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY