General Investor Disclaimer

​​​​​​​​​​​​​​​​​​​​Community Development Administration

Use of this Website

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.​


The Community Development Administration is a governmental unit within the Division of Development Finance of the Maryland Department of Housing and Community Development. Information on the Community Development Administration Bonds will be available to you after you read and acknowledge this disclaimer.

Contact Person

If you need help downloading financial statements or would like to obtain copies of printed financial statements, please contact Investor Relations at 301-429-7897 or


All information contained in the Community Development Administration Bonds - Investor Information Webpage is obtained from sources believed to be accurate and reliable. Refer to the Official Statement and operative documents of each series for complete information on that bond issue. This information, however, 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 Community Development Administration and the Maryland Department of Housing and Community Development make no representation, express or implied, as to the accuracy, reliability, completeness, or timeliness of this information, and are not responsible for any loss or damages incurred by parties using this information.

Some information, including financial statements may be available only in Adobe Portable Document Format (PDF) using Adobe Acrobat Reader 6.0, and you will need Adobe Reader software to accurately read and print them. If you do not have the Adobe Acrobat Reader, or if you are using a version earlier than that used in Adobe Acrobat Reader 6.0, you may obtain an updated version of the Adobe Reader free of charge from the Adobe web site​. Using software other than the Adobe Reader included in Adobe Acrobat Reader 6.0 may cause the financial statements or other information that you view or print to differ from the financial statements or other information as they were posted on this web site or as they appear in the Community Development Administration's printed version. You assume the risk of any such discrepancies as well as any discrepancies related to communication transmission or other printing problems.

The information contained at this website has been included for general informational purposes only and no person should make any investment decision in reliance upon the information contained herein. This website and the information contained herein do not constitute an offer to sell or the solicitation of any offer to buy any securities. The Community Development Administration 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 website. In addition, certain financial information and operating data, as well as information regarding certain material developments concerning the Community Development Administration and securities from time to time issued by it, may be filed with the Municipal Securities Rulemaking Board (MSRB) or the Electronic Municipal Market Access (EMMA) formally known as the Nationally Recognized Municipal Securities Information Repositories (NRMSIRS) from time to time recognized by the Securities and Exchange Commission. The Community Development Administration in its discretion will determine whether to include such updated information on its website or to otherwise supplement, update or modify the information at this website. Furthermore, the information in each document or file is dated as of the date or dates indicated, and the Community Development Administration and the department disclaim any duty or obligation either to update the information contained at this website or to maintain the availability of such information. Such supplemental, updated or modified information may be obtained from the MSRB or the EMMAS.

Under no circumstances shall the Community Development Administration or the Maryland Department of Housing and Community Development 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 Community Development Administration or the department 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 Website Materials

The Maryland Department of Housing and Community Development maintains this website 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 department.

Authentication​ constitutes the official website of the Maryland Department of Housing and Community Development. No other website, provider or service is authorized to provide online information regarding the affairs of the department or the Community Development Administration.

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.​