Each viewer
of the aforementioned information acknowledges that (i) the North Carolina Housing Finance Agency is not now by this document offering any bonds or other
securities, nor soliciting an offer to buy any
securities, (ii) this information is not to be construed as any
description of the North Carolina Housing Finance Agency - such offerings are only made pursuant to the appropriate official statements
of the North Carolina Housing Finance Agency, (iii) the information provided speaks only as
of the date thereof and the North Carolina Housing Finance Agency has not in any way undertaken to
update such information, and (iv) no representation is made as to the propriety or legality
of any secondary market trading
of the bonds or other
securities of the North Carolina Housing Finance Agency by anyone in any jurisdiction.