NOTICE OF PUBLIC HEARING
Notice is hereby given of a public hearing to be held by the New Hope Cultural Education Facilities Finance Corporation (the "Issuer") on Monday, August 25, 2025, at 8:30 a.m. CT via teleconference, by dialing the following toll-free number: 1-800-719-6100 (Access Code: 8503021#). The Issuer previously issued its Retirement Facility Revenue Bonds (Wesleyan Homes, Inc. Project) Series 2019 (the "Bonds"), which were issued in an aggregate principal amount of $30,545,000. The proceeds of the Bonds were loaned to Wesleyan Homes, Inc., a Texas nonprofit corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Borrower"). A portion of the proceeds of the Bonds were used to finance the cost of the acquisition and refurbishment by the Borrower of a skilled nursing facility located at 4011 Williams Drive, Georgetown, Texas 78628 (the "Skilled Nursing Facility"). The Borrower expects to sell the Skilled Nursing Facility and to use a portion of the net sale proceeds in an aggregate amount not to exceed $6,000,000 toward the construction, equipping and/or improvement of a retirement community known as Wesleyan at Estrella located in Georgetown, Texas, which includes, without limitation, independent living and assisted living/memory care facilities located, respectively, at 139 Estrella Crossing, Georgetown, Texas 78628, and 109 Estrella Crossing, Georgetown, Texas 78628 (the "Replacement Facilities"), with the balance of the net sale proceeds to be used to defease a portion of the outstanding Bonds, all in a manner so the Bonds continue to be treated as "qualified 501(c)(3) bonds" under Section 145 of the Internal Revenue Code of 1986, as amended. The Borrower and/or affiliated entities own and operate the Replacement Facilities.
All interested parties are invited to express their views with respect to the Replacement Facilities and the Bonds by attending the public hearing to be held via teleconference. Any interested persons unable to attend the hearing may submit their views in writing to the Issuer c/o Abraham "Abe" Benavides, McCall, Parkhurst & Horton L.L.P., 717 North Harwood, Suite 900, Dallas, Texas 75201, prior to the date scheduled for the hearing.
This notice is published and the above-described hearing is to be held in satisfaction of Section 147(f) of the Internal Revenue Code of 1986, as amended, regarding the public approval requirements relating to the exemption from federal income taxation of interest on the Bonds.
August 18 2025
IPLAAS0096998