NOTICE OF ACTION OF THE STATE FISCAL ACCOUNTABILITY AUTHORITY Notice is given that following the filing of a Petition by the South Carolina State Housing Finance and Development Authority ("Housing Authority") to the State Fiscal Accountability Authority of South Carolina ("State Authority"), approval has been given by the State Authority to the following undertaking ("Undertaking") (including changes in any details of the Undertaking as finally consummated that do not materially affect the Undertaking), viz.: The Housing Authority will issue its not exceeding $10,000,000 Multifamily Housing Revenue Bonds or Notes (Pickens Gardens Apartments Project) Series 2025, in one or more series, tax-exempt or taxable ("Bonds"), pursuant to Act No. 76 of the Acts and Joint Resolutions of the General Assembly of 1977, as amended ("Act"). The Housing Authority will use the proceeds of the Bonds to fund a mortgage loan to DGA Pickens 2 LP, a Tennessee limited partnership ("Borrower"), to (i) finance the costs of acquiring, rehabilitating and equipping a 76-unit multifamily housing development to be known as Pickens Gardens Apartments located in Pickens County, South Carolina, (ii) establish necessary reserve funds, and (iii) provide for certain fees and expenses which may be incurred in connection with the issuance of the Bonds. The Bonds will be payable solely from the amounts to be paid to the Housing Authority by the Borrower pursuant to a loan agreement between the Housing Authority and the Borrower. The Bonds are not an indebtedness of the State of South Carolina ("State"). The Bonds will be issued pursuant to the Act and a Resolution to be adopted by the Board of Commissioners of the Housing Authority at a meeting of the Board of Commissioners which is expected to be held on or around October 15, 2025. The Bonds will not be (i) secured by, or in any way entitled to, a pledge of the full faith, credit, or taxing power of the Housing Authority or the State, (ii) an indebtedness of the Housing Authority or the State within the meaning of any State constitutional provision or statutory limitation, other than indebtedness payable solely from a revenue-producing project or special source that does not include revenues from any tax or license, (iii) a pecuniary liability of the Housing Authority or the State or (iv) a charge against the general credit or taxing power of the Housing Authority or the State. Notice is further given that any interested party may, within 20 days after the date of publication of this Notice, but not after, challenge the validity of the State Authority's action in approving the Undertaking by action de novo instituted in the Court of Common Pleas for Pickens County. STATE FISCAL ACCOUNTABILITY AUTHORITY OF SOUTH CAROLINA By: Delbert H. Singleton, Jr., Secretary IPL0269290 Sep 5 2025