Municipal Advisor Notice

By publicly posting the following written disclosure, the Tennessee Housing Development Agency intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule.

The Tennessee Housing Development Agency has retained an independent registered municipal advisor. The Tennessee Housing Development Agency is represented by and will rely on its municipal advisor, CSG Advisors, to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial products (including investments of bond proceeds and escrow investments). The individual with primary responsibility for advising the Tennessee Housing Development Agency on such matters is David Jones. This certificate may be relied upon until December 31, 2026, or until otherwise withdrawn by us.