NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN that a public hearing will be held by the City Council of the City of Raleigh, North Carolina (the "City"), in the City's Council Chamber, Room 201 located at 222 W. Hargett Street, Raleigh, North Carolina, on Tuesday, June 16, 2026 at 1:00 p.m., or as soon thereafter as the matter can be heard, in connection with the issuance by the National Finance Authority (the "Issuer") of its economic development revenue bonds (the "Bonds") pursuant to a plan of finance to issue tax-exempt bonds in one or more series and in one or more years in the aggregate principal amount not to exceed $83,000,000. The Bonds will be issued as qualified 501(c)(3) bonds as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the "Code"), and this notice is published in accordance with the public notice requirements of Section 147(f) of the Code. The proceeds of the Bonds will be loaned to SFRI Briar Creek Apartments LLC ("SFRI"), a Delaware limited liability company whose sole member is Sixteenth Floor Residential Inc., a Texas nonprofit corporation and an organization described in Section 501(c)(3) of the Code to finance the acquisition of an existing 291-unit apartment community located at 6450 Viewpoint Circle in Raleigh, North Carolina (the "Project"), which shall advance the economic progress of the community and lessen the burdens of government. Proceeds of the Bonds will also be used to pay certain costs of issuance of the Bonds (collectively with the Project, the "Undertaking"). The Project will initially be owned and operated by SFRI or an affiliate or related party thereof. The Bonds do not represent an indebtedness or a general obligation of the State of North Carolina, the City, the Issuer, or any political subdivision of the State of North Carolina within the meaning of any state constitutional provision or statutory limitation or constitute or give rise to any pecuniary liability of any political subdivision or a charge against the general credit or taxing powers of any political subdivision. The Bonds shall be a limited obligation of the Issuer, payable solely from certain revenues duly pledged therefor and generally representing amounts paid by SFRI. The public hearing will provide a reasonable opportunity to be heard for persons wishing to express their views on the merits of the Project, the issuance of the Bonds, or related matters. Those who present comments during the public hearing will be permitted to address SFRI regarding the Undertaking or the Bonds for no more than three minutes. CITY OF RALEIGH, NORTH CAROLINA IPL0347254 Jun 8 2026