Chula Vista City Council
March 28, 2023

PUBLIC DISCLOSURES RELATING TO CONDUIT REVENUE OBLIGATIONS Pursuant to California Government Code Section 5852.1, the borrower (the “Borrower”) identified below has provided the following required information to the Chula Vista Housing Authority (the “Authority”) prior to the Authority’s regular meeting (the “Meeting”) of its Board of Commissioners (the “Board”) at which Meeting the Board will consider the authorization of conduit revenue obligations as identified below. 1. Name of Borrower: OTAY AFFORDABLE I V8 , L.P., a California limited partnership. 2. Board of Commissioners Meeting Date: March 28, 2023. 3. Name of Bond Issue / Conduit Revenue Obligations: Chula Vista Housing Authority Multifamily Housing Revenue Note (Otay Ranch Apartments) 2023 Series A-1 (Tax-Exempt) (the “2023A-1 Note”) and Chula Vista Housing Authority Multifamily Housing Revenue Note (Otay Ranch Apartments) 2023 Series A-2 (Taxable) (the “2023A-2 Note” and with the 2023A-1 Note, the “2023A Notes”) . 4. X Private Placement Lender or Bond Purchaser, __Underwriter or __Financial Advisor (mark one) engaged by the Borrower from which the Borrower obtained the following required good faith estimates relating to the Notes: (A) The true interest cost of the 2023A Notes, which means the rate necessary to discount the amounts payable on the principal and interest payment dates to the purchase price received for the new issue of the 2023A Notes (to the nearest ten-thousandth of one percent): 7.92% for the 2023A-1 Note and 8.42% for the 2023A-2 Note (estimated rate as of 3/7/23 – interest rate is variable). (B) The finance charges of the 2023A Notes, which mean the sum of all fees and charges paid to third parties: collectively, $359,240 ($349,250 paid upfront, $10,000 paid during the term of the 2023 Notes)(fees and charges are paid from a source other than 2023A Note proceeds). (C) The amount of proceeds received by the public body for sale of the 2023A Notes less the finance charges of such 2023A Notes described in subparagraph (B) and any reserves or capitalized interest paid or funded with proceeds of such 2023A Notes: $4,522,805 ($4,870,000 aggregate par of the 2023A Notes less estimated capitalized interest of $347,195). (D) The total payment amount, which means the sum total of all payments the Borrower will make to pay debt service on the 2023A Notes plus the finance charges of the 2023A Notes described in subparagraph (B) not paid with the proceeds of such 2023A Notes (which total ,payment amount shall be calculated to the final maturity of each of the 2023A Notes): $5,229,240 (consisting of estimated principal and interest payments of $4,870,000 and estimated finance charges identified in (B)). This document has been made available to the public at the Meeting of the Board. Dated: March 16, 2023