General Investor Disclaimer

Community Development Administration (CDA)

Maryland Department of Housing and Community Development (DHCD)

Use of this Website

Your access and use of this site is subject to the following terms and conditions and all applicable laws. By accessing and browsing this site, you accept these terms and conditions without limitation or qualification.

Introduction

The Community Development Administration (CDA) is an agency within the Division of Development Finance of the Maryland Department of Housing and Community Development (DHCD). Information on CDA Bonds will be available to you after you read and acknowledge this disclaimer.

Contact Person

If you need help downloading financial statements or other information, or would like to obtain copies of printed financial statements, please contact Investor Relations at (410) 514-7326 or cda_bonds@mdhousing.org.

Disclaimer

All information contained in the CDA Bonds - Investor Information Webpage is obtained from sources believed to be accurate and reliable. Refer to the Official Statement and operative documents of each series for complete information on that issue. This information, however, is prepared "without audit" unless otherwise identified as audited financial information. Due to the possibility of human or mechanical error as well as other factors, this information is provided "as is" without warranty of any kind and CDA and DHCD make no representation, express or implied, as to the accuracy, reliability, completeness, or timeliness of this information, and are not responsible for any loss or damages incurred by parties using this information.

Some information, including financial statements may be available only in Adobe Portable Document Format (PDF) using Adobe Acrobat Reader 6.0, and you will need Adobe Reader software to accurately read and print them. If you do not have the Adobe Acrobat Reader, or if you are using a version earlier than that used in Adobe Acrobat Reader 6.0, you may obtain an updated version of the Adobe Reader free of charge from the Adobe web site at www.adobe.com. Using software other than the Adobe Reader included in Adobe Acrobat Reader 6.0 may cause the financial statements or other information that you view or print to differ from the financial statements or other information as they were posted on this web site or as they appear in the CDA's printed version. You assume the risk of any such discrepancies as well as any discrepancies related to communication transmission or other printing problems.

The information contained at this website has been included for general informational purposes only and no person should make any investment decision in reliance upon the information contained herein. This website and the information contained herein do not constitute an offer to sell or the solicitation of any offer to buy any securities. CDA currently anticipates that the disclosure documents prepared from time to time in connection with the offering and sale of securities by it may contain information updating or supplementing the information presented at this website. In addition, certain financial information and operating data, as well as information regarding certain material developments concerning CDA and securities from time to time issued by it, may be filed with the Municipal Securities Rulemaking Board (MSRB) or the Nationally Recognized Municipal Securities Information Repositories (NRMSIRS), or Electronic Municipal Market Access (EMMA) from time to time recognized by the Securities and Exchange Commission. CDA in its discretion will determine whether to include such updated information on its website or to otherwise supplement, update or modify the information at this website. Furthermore, the information in each document or file is dated as of the date or dates indicated, and CDA and DHCD disclaim any duty or obligation either to update the information contained at this website or to maintain the availability of such information. Such supplemental, updated or modified information may be obtained from the MSRB, EMMA or the NRMSIRS.

Under no circumstances shall CDA or DHCD have any liability to any person or entity for (1) any loss or damage in whole or part caused by, resulting from or relating to any error (neglect or otherwise) or other circumstances involved in procuring, collecting, compiling, interpreting, analyzing, editing, transcribing communicating or delivering any such information, or (2) any direct, indirect, special, consequential or incidental damages whatsoever, even if CDA or DHCD is advised in advance of the possibility of such damages, resulting from the use of, or inability to use, any such information.

Restrictions on use of Website Materials

The Maryland Department of Housing and Community Development (DHCD) maintains this website to provide you with information, and for education and communication. Please feel free to browse the site. You may download material displayed on this site for non-commercial, personal use only provided you also retain all copyright and other proprietary notices contained on the materials. You may not, however, distribute, modify, transmit, reuse, repost, or use the contents of this site for public or commercial purposes, including the text, images, audio, and video without the permission of DHCD.

Authentication

http://www.dhcd.state.md.us constitutes the official website of the Maryland Department of Housing and Community Development (DHCD). No other website, provider or service is authorized to provide online information regarding the affairs of DHCD or CDA.

Acknowledgement of Disclaimer

I have read the foregoing disclaimer and expressly agree to each of its terms; I also understand that, as indicated above, official forms of disclosure documents are available elsewhere and that material information important to the making of informed investment decisions may have been posted elsewhere.