Information Concerning Bond Redemption

This filing provides notice concerning the intention of the Community Development Administration, Maryland Department of Housing and Community Development, to redeem certain bonds issued under the Resolution Providing for the Issuance of Infrastructure Financing Bonds, adopted as of January 1, 1988.

Trustee: The First National Bank of Maryland

Bonds Redeemed:

Infrastructure Financing Bonds, 1988 Series A:

$2,040,000 of the Term Bonds due June 1, 2008 bearing an interest rate of 8.375%

$2,635,000 of the Term Bonds due June 1, 2018 bearing an interest rate of 8.5%

Redemption Date: August 10, 1998

Questions concerning specific Bonds should be directed to the Trustee for the Bonds, Allfirst Bank. Contact Pamela Hazelip at 410-545-2066.

General questions concerning DHCD or CDA may be directed to Anne P. Konrad, Director, Finance, at 410-514-7326 or [email protected].

Information is also available through designated Nationally Recognized Municipal Securities Information Repositories.