Notice of Public Hearing on TEFRA/Portopiccolo


NOTICE IS HEREBY GIVEN that on Wednesday, March 6, 2024 at 12:00 p.m. (Noon) EST, a public hearing as required by Section 147(f) of the Internal Revenue Code of 1986, accessible to the public by telephone and WebEx, will be held with respect to a plan of finance that will consist of the proposed issuance by the National Finance Authority (the “Authority”) of its revenue bonds in one or more series and in one or more years in an amount not to exceed $700,000,000 (the “Bonds”). The Bonds are proposed to be issued as qualified 501(c)(3) bonds and the proceeds of the Bonds will be used to: (1) finance the cost of the acquisition by the Borrower (as defined herein) of 29 skilled nursing and assisted living facilities located in Kentucky and Tennessee (as more particularly described below); (2) finance capital improvements at the facilities; (3) make a deposit to a debt service reserve fund, if any; and (4) pay certain expenses incurred in connection with the issuance of the Bonds.

The properties being acquired and improved, and the maximum stated principal amount of Bonds to be issued in relation to each property, are as follows:

PropertyMaximum Amount
Bradford Heights Nursing & Rehabilitation, 950 Highpoint Dr., Hopkinsville, KY$35 million
Creekwood Nursing & Rehabilitation, 107 Boyles Dr., Russellville, KY$35 million
Madisonville Health & Rehabilitation, 419 North Seminary St., Madisonville, KY$30 million
Mills Nursing & Rehabilitation, 500 Beck Ln., Mayfield, KY$45 million
Princeton Nursing & Rehabilitation, 1333 W. Main St., Princeton, KY$40 million
Spring View Nursing & Rehabilitation, 718 Goodwin Ln., Leitchfield, KY$25 million
Countryside Center for Rehabilitation & Nursing, 47 Margo Ave., Bardwell, KY$25 million
Fair Oaks Health & Rehabilitation, 1 Sparks Ave., Jamestown, KY$35 million
Green Acres Healthcare, 402 W. Farthing St., Mayfield, KY$30 million
Maple Health & Rehabilitation, 515 Greene Dr., Greenville, KY$30 million
Stonecreek Health & Rehabilitation, 4747 Alben Barkley Dr., Paducah, KY$40 million
Cherokee Park Rehabilitation, 2100 Millvale Rd., Louisville, KY$30 million
Barren County Nursing & Rehabilitation, 300 Westwood St., Glasgow, KY$30 million
Bedford Springs Health & Rehabilitation, 50 Shepard Ln., Bedford, KY$15 million
Clinton Place, 106 Padgett St., Clinton, KY$35 million
Fulton Nursing & Rehabilitation, 1004 Holiday Ln., Fulton, KY$25 million
Glenview Health & Rehab, 1002 Glenview Dr., Glasgow, KY$25 million
Jeffersontown Rehabilitation, 3500 Good Samaritan Way, Jeffersontown, KY$30 million
Sycamore Heights Health & Rehabilitation, 2141 Sycamore Ave., Louisville, KY$25 million


The following skilled nursing and assisted living facilities located in Tennessee:

PropertyMaximum Amount
Smith County Health & Rehabilitation, 112 Healthcare Dr., Carthage, TN$35 million
Fairpark Health & Rehabilitation, 307 North Fifth St., Maryville, TN$30 million
Mt. Pleasant Health & Rehabilitation, 904 Hidden Acres Dr., Mount Pleasant, TN$20 million
River Grove Health & Rehabilitation, 1520 Grove St., Loudon, TN$40 million
Collierville Nursing & Rehabilitation , 490 W. Poplar Ave., Collierville, TN$30 million
Magnolia Creek Nursing & Rehabilitation, 1992 Highway 51 S., Covington, TN$45 million
Midtown Center for Health & Rehabilitation, 141 N. McLean Blvd., Memphis, TN$60 million
The Palace Healthcare & Rehabilitation Center, 309 Main St., Red Boiling Springs, TN$20 million
Soddy-Daisy Healthcare Center, 701 Sequoyah Rd., Soddy-Daisy, TN$40 million
Willow Branch Health & Rehabilitation, 415 Pace St., McMinnville, TN$25 million


The facilities are to be initially owned and principally used by QCF/I, Inc., a Georgia nonprofit corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, or one or more of its tax-exempt nonprofit affiliates or controlled disregarded entities (the “Borrower”).

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 States of Kentucky or Tennessee, 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.

The hearing with respect to the plan of finance for the issuance of Bonds for the facilities located in Kentucky will commence on Wednesday, March 6, 2024 at 12:00 p.m. (Noon) EST, or as soon thereafter as the matter can be heard. Interested persons wishing to express their views on the plan of finance for the issuance of the Bonds for the facilities located in Kentucky or on the nature and location of such facilities proposed to be financed may attend the public hearing by telephone toll-free by dialing 1-800-726-5670 (the conference code is 2343 572 3426) or through WebEx at… (the WebEx meeting number is 2343 572 3426 and the Password is fMZhtM25Ch6), or, prior to the time of the hearing, submit written comments.

Additional information concerning the above matter may be obtained from, and written comments should be addressed to, Laura Ferguson, by calling her at (502) 574-0129, by emailing her at [email protected], or by writing her in care of Jefferson County Attorney’s Office at First Trust Centre, 200 South Fifth Street, Suite 300N, Louisville, Kentucky 40202, before the hearing.

Event Details

  • Date and Time

  • Website Link

  • Cost



Enter your address and MyLouisville will find nearby city services in the following categories:

  • Garbage Icon Solid Waste Services
  • Police Badge Icon Emergency Services
  • Political Info Icon Political Info
  • House Icon General Location Info

Find your garbage, recycling, yard waste and large-item set-out dates. Sign up for large-item set out and street sweeping reminders by email and text!

Use the Metro311 Online Portal,
our 311 mobile app or email to report something to us!

Call Metro311 at 311 or (502) 574-5000

No service has been selected.

No form has been selected.