Florida Housing Finance Corporation (“Florida Housing”) will conduct a public hearing in accordance with the Tax Equity and Fiscal Responsibility Act of 1982 (“TEFRA”) to which all interested persons are invited. To conduct a TEFRA hearing concerning the potential future issuance of tax-exempt bonds by Florida Housing to finance the acquisition and construction of the following multifamily residential rental development in the aggregate face amount, not to exceed the amount listed below: Magnolia Pointe, a 115-unit multifamily residential rental development located on Fiske Blvd. at the northeast corner of Fiske Blvd. and Barbara Jenkins Street, Cocoa, Brevard County, FL 32922. The prospective owner and operator of the proposed development is Magnolia Pointe, LP, 7000 Central Parkway, NE, Suite 1100, Atlanta, GA 30328, or such successor in interest in which Ambling Development Partners, LLC and the Housing Authority of the City of Cocoa, or an affiliate thereof, is a managing member, general partner and/or controlling stockholder. The prospective manager of the proposed development is Ambling Management Company, 7000 Central Parkway, NE, Suite 1100, Atlanta, GA 30328. The total tax-exempt bond amount is not to exceed $9,400,000. All interested parties may present oral comments at the public TEFRA hearing or submit written comments regarding the potential bond issuance for the development being financed. Written comments should be received by Florida Housing by 5:00pm (Tallahassee local time), May 30, 2007, and should be addressed to the attention of Wayne Conner, Deputy Development Officer. Any persons desiring to present oral comments should appear at the hearing.