NOTICE IS HEREBY GIVEN on behalf of the Community Development Administration (the "Administration") of its intention to redeem the above-captioned bonds (the "Bonds"), on June 1, 2001 (the "Redemption Date"). Such Bonds will be redeemed in the amount of 102% of the principal amount plus accrued interest to the Redemption Date as set forth below. United States Treasury obligations sufficient to pay the Redemption Price have been deposited with the escrow agent. Consequently, on the Redemption Date the bonds will cease to bear interest.

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

CUSIP NO.	MATURITY DATE	PRINCIPAL AMOUNT	REDEMPTION PRICE
57419HVR5	June 1, 2002	180,000	183,000
57419HVV6	June 1, 2006	880,000	897,000
57419HWA1	June 1, 2011	870,000	887,400
57419HWB9	June 1, 2021	595,000	606,900

* 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:

Dated: April 27, 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.