COMMUNITY DEVELOPMENT ADMINISTRATION
MULTIFAMILY DEVELOPMENT REVENUE BONDS
1990 ISSUE B
(VARIABLE RATE DEMAND/FIXED RATE-MIDDLE BRANCH MANOR)

DATED: JUNE 1, 1990 DUE: JUNE 1, 2020

CUSIP: 57419HRH2*

NOTICE IS HEREBY GIVEN that pursuant to Section 3.1 (c) of the Trust Indenture (the "Indenture") and as supplemented, among the Community Development Administration, as Issuer (the "Issuer") and Allfirst Bank, as Successor Trustee (the "Successor Trustee"), the Issuer hereby calls for redemption $700,000 principal amount of the Bonds on May 16, 2001 (the "Redemption Date") at a price of 100% of the principal amount thereof together with accrued interest thereon. The following bond is called for redemption:

The called principal and accrued interest will be paid to DTC on the Redemption Date without presentation. On and after the Redemption Date interest will cease to accrue on the called principal.

* No representation is made to the correctness of the CUSIP number either as printed on the Bonds or as contained in any notice of redemption and reliance may be placed only on the identification numbers established under the Series Certificate.

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, Successor Trustee

(410) 545-2136

Dated: April 17, 2001

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.