NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that at 6:00 p.m., or as soon thereafter as the matter may be heard, on June 23, 2026, at the regular meeting place of the City Council (the “City Council”) of the City of Santa Clarita (the “City”), City Council Chambers, 23920 Valencia Boulevard, Santa Clarita, CA 91355, a public hearing as required by Section 147(f) of the Internal Revenue Code of 1986 (the “Code”) , will be held to consider the pr oposed plan of financing providing for the issuance by the California Municipal Finance Authority (the “Authority”) of qualified 501(c)(3) bonds, as defined in Section 145 of the Code in one or more series issued from time to time, including bonds issued to refund such qualified 501(c)(3) bonds in one or more series from time to time, in an aggregate principal amount not t o exceed $110,000,000 (the “Bonds”).
All of the of the proceeds of the Bonds will be used by Maple Housing Foundation or an affiliate thereof (the “Borrower”) to: (1) finance or refinance the acquisition, rehabilitation, improvement and equipping of Diamond Park Apartments, a multifamily rental housing project located at 27940 Solamint Road, Santa Clarita, California (the “Project”); and (2) pay certain expenses incurred in connection with the issuance of the Bonds. The Project is or will be owned and oper ated by the Borrower which is an organization described in Section 501(c)(3) of the Code.
At the hearing, the testimony of all interested persons will be heard. Persons who require accommodation for any audio, visual or other disability in order to partici pate in a public hearing of the City Council may obtain assistance by requesting such accommodation in writing addressed to the City Clerk, 23920 Valencia Boulevard, Santa Clarita, CA 91355 or telephonically by calling (661) 255- 4391.
Any such request for accommodation should be made at least 48 hours prior to the scheduled meeting for which assistance is requested.
If you challenge the proposed action in court, you may be limited to raising only those issues you or someone else raised at the public hearing described in this notice or in written correspondence delivered to the City Council at or prior to the public hearing.
The Bonds, including the principal of (premium, if any) and interest thereon, will not constitute a debt or a loan of credit or a pledge of the full faith and credit or taxing power of the City, the Authority, the State of California , or any political subdivision thereof, within the meaning of any State of California Constitutional provision or statutory limitation and shall never constitute or give rise to a pecuniary liability of the City, the Authority, the State of California, or any political subdivision thereof. The Bonds shall not constitute, directly or indirectly, or contingently obligate or otherwise constitute a general obligation of or a charge against the general credit of the City, the Authority, the State of California , or any political subdivision thereof, but shall be special limited obligations of the Authority payable solely from the sources provided for in the proceedings for the issuance of the Bonds. The Authority has no taxing power.
The Bonds and the obligation to pay principal of and interest thereon and any redemption premium with respect thereto do not constitute indebtedness or an obligation of the Authority, the State of California or any political subdivision thereof, within the meaning of any constitutional or statutory debt limitation, or a charge against the general credit or taxing powers of any of them. The Bonds shall be a limited obligation of the Authority, payable solely from certain revenues duly pledged therefor and generally representing amounts paid by the Borrower.
Dated: June 13, 2026
Melody Bartlette
City Clerk
Published: The Signal, June 13, 2026