Financial Reports and Other Related Information

Use of This Web Site

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

This Investor Information web page provides various financial and statistical information about the financing programs and outstanding bonds of the California Housing Finance Agency ("Agency").

Disclaimer

All information contained in this Investor Information web page is obtained from sources believed to be accurate and reliable. Refer to the Official Statement and operative documents of each series of bonds for complete information on that issue. While all information presented is believed to be accurate and reliable, it 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 the Agency makes no representation, express or implied, as to the accuracy, reliability, completeness, or timeliness of this information, and is not responsible for any loss or damages incurred by parties using this information.

The electronic versions of the financial statements were created in Adobe Portable Document Format (PDF) using Adobe Acrobat 7.0, and you will need Adobe Reader software to accurately read and print them. If you do not have the Adobe Reader, or if you are using a version earlier than that used in Adobe Acrobat 7.0, 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 7.0 may cause the financial statements that you view or print to differ from the financial statements as they were posted on this web site or as they appear in the Agency's printed version, and you assume the risk of any such discrepancies as well as any discrepancies related to communication transmission or other printing problems. If you need help downloading the financial statements, or would like to obtain copies of the printed financial statements, please contact Financing Division, 500 Capitol Mall, Ste. 1400, Sacramento CA 95814, Phone: 916.326.8650 / Fax: 916.322.1464, financing@calhfa.ca.gov.

The information contained on this web site has been included for general informational purposes only and no person should make any investment decision in reliance upon the information contained herein. The Agency 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 web site. In addition, certain financial information and operating data, as well as information regarding certain material developments respecting the Agency and securities from time to time issued by it, may be filed with the Municipal Securities Rulemaking Board. The Agency in its discretion will determine whether to include such updated information on its web site or to otherwise supplement, update or modify the information at this web site. Furthermore, the information in each document or file is current as of the date or dates indicated, and the Agency disclaims any duty or obligation either to update the information contained at this web site or to maintain the availability of such information. Reference should be made to those other sources to obtain such supplemental, updated or modified information.

Under no circumstances shall the Agency 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 the Agency 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 Web Site Materials

The Agency maintains this web site 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 the Agency.

Authentication

https://www.calhfa.ca.gov constitutes the official web site of the Agency. No other web site, provider or service is authorized to provide online information regarding the affairs of the Agency.

Not an Offer to Sell/Buy Securities

The information provided in this web site does not constitute an offer to sell or buy securities or the solicitation of an offer to sell or buy securities and should not be relied upon to provide specific offering information in connection with any issuance, sale, resale, or remarketing of bonds, notes, or other municipal obligations.

Dates of Documents

Any financial document contained in the Investor Information section of this web site is marked with a date ( "Dated Date") and speaks only as of that Dated Date, which may be prior to the date it is posted on this web site. You are cautioned not to assume that any information has been updated beyond the Dated Date unless a document expressly states that it constitutes an update of a specific portion of a document. No inference should be made that the operations of the Agency or related entities and/or other economic conditions have remained the same since the Dated Date. The Agency expressly disclaims any duty to provide an update of any document contained in the Investor Information web pages.

Information is Subject to Change Without Notice and May Not Be Updated

The Agency is under no obligation to update any information included in this web site. The information and expressions of opinion herein are subject to change without notice and the posting of information on this web site does not imply that there has been no change in the affairs of the Agency or related entities.

Estimates or Other Forward-Looking Statements

The documents contained in the Investor Information web pages may make ''forward-looking statements" by using forward-looking words such as "may," "will," "should," "expects," "believes," "anticipates," "estimates," or others. You are cautioned that forward-looking statements are subject to a variety of uncertainties that could cause actual results to differ from the projected results. Because we cannot predict all factors that may affect future decisions, actions, events, policy decisions, or financial circumstances, what actually happens may be different than what is included in forward-looking statements.

Links to Other Web Sites

Links to other web sites have been avoided in the Investor Information web pages. Rather, we may provide addresses of other web sites to allow you independent access to other organizations whose expertise may be of value as an educational or reference tool. If you access one of these web sites, remember that the Agency has not participated in the preparation, compilation, or selection of information on any other web site, and assumes no responsibility or liability for the views, content, or accuracy of any other web site.

Investment Decisions

The Investor Information web pages are not intended to replace any information or consultation provided by a professional financial advisor. Other than the specific information presented in the Investor Information web pages, no other information on our web site is intended to be the basis of or should be relied upon in making an investment decision.

Other Information May Be Available

The Investor Information web pages are provided for the user's convenience, but they may not provide all information that may be of interest to investors. There may be other documents containing relevant information regarding the Agency which may be available from other sources, including by request from Financing Division, 500 Capitol Mall, Ste. 1400, Sacramento CA 95814, Phone: 916.326.8650 / Fax: 916.322.1464, financing@calhfa.ca.gov.

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.