COMMUNITY DEVELOPMENT ADMINISTRATION
DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
STATE OF MARYLAND
MULTIFAMILY DEVELOPMENT REVENUE BONDS
(SELBORNE HOUSE PROJECT)
SERIES 1999 B
DATED OCTOBER 21, 1999
5.15% DUE OCTOBER 1, 2001

NOTICE IS HEREBY GIVEN that pursuant to the applicable provisions of the governing documents, Allfirst Bank, as Trustee, hereby calls for full redemption on August 1, 2000 (Redemption Date), the entire principal amount of $750,000 of the above referenced Bonds at a redemption price equal to 100% of the principal amount thereof plus accrued interest to the Redemption Date. On and after the Redemption Date interest on the Bonds called for redemption shall cease to accrue. Payment will be made on the Redemption Date upon presentation and surrender of the Bonds.

The address of the Paying Agent is as follows:

Allfirst Bank
Corporate Trust Operations (M/C 109-754)
110 S. Paca St., 7^Th Floor
Baltimore, MD 21201
BY: Allfirst Bank, Trustee
(410) 545-2066

Dated: July 24, 2000

NOTICE

Under the provisions of the Interest and Dividend Tax Compliance Act of 1983, paying agents making payment of principal on municipal securities will be obligated to withhold 31% of the payment of principal to holders who have failed to provide the paying agent with a valid Taxpayer Identification Number. Holders of the above-described securities will avoid such withholdings by providing a certified taxpayer identification number on form W-9 when presenting securities for payment.