NOTICE OF SPECIAL REDEMPTION TO THE HOLDERS OF

COMMUNITY DEVELOPMENT ADMINISTRATION
DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
STATE OF MARYLAND

Housing Revenue Bonds Series 1996 B
Dated November 1, 1996

NOTICE IS HEREBY GIVEN that pursuant to the applicable provisions of the Resolution and the Series Resolution dated November 1, 1996 of the Community Development Administration, Allfirst Bank, as Trustee, hereby calls for special redemption on April 30, 2001 (Redemption Date), $425,000 principal amount of the 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 special redemption shall cease to accrue. Payment will be made on the Redemption Date without presentation and surrender of the Bonds.

The CUSIP number, interest rate, maturity date, and amount of the Bonds called for special redemption are as follows:

CUSIP Number* Rate Maturity Date Amount Called
57419JLA9 4.45% 07/01/2001 $5,000
57419JLB7 4.65% 01/01/2002 $5,000
57419JLC5 4.65% 07/01/2002 $5,000
57419JLD3 4.80% 01/01/2003 $5,000
57419JLE1 4.80% 07/01/2003 $5,000
57419JLF8 4.90% 01/01/2004 $5,000
57419JLG6 4.90% 07/01/2004 $5,000
57419JLH4 5.00% 01/01/2005 $5,000
57419JLJ0 5.00% 07/01/2005 $5,000
57419JLK7 5.10% 01/01/2006 $5,000
57419JLL5 5.10% 07/01/2006 $5,000
57419JLM3 5.20% 01/01/2007 $5,000
57419JLN1 5.20% 07/01/2007 $5,000
57419JLP6 5.30% 01/01/2008 $5,000
57419JLQ4 5.30% 07/01/2008 $5,000
57419JLR2 5.875% 07/01/2016 $110,000
57419JLS0 5.95% 07/01/2028 $240,000

* 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., 7Th Floor
Baltimore, MD 21201

BY: Allfirst Bank, Trustee
(410) 545-2136

Allfirst Bank Logo

Dated: March 30, 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.