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 rehabilitation of the following multifamily residential rental development in the aggregate face amount, not to exceed the amount listed below: St. James Place, a 126-unit multifamily residential rental development located on Crescent Oaks Place, approximately 100 feet west of the northwest corner of the intersection of 127th Ave. E and N. 15th Street, and on Crescent Oaks Place, approximately 150 feet west of the northwest corner of the intersection of 127th Ave. E and N. 15th Street, and on Crescent Oaks Place, approximately 175 feet west of the northwest corner of the intersection of 127th Ave. E and N. 15th Street, and on Crescent Oaks Place, approximately 250 feet west of the northwest corner of the intersection of 127th Ave. E and N. 15th Street, and on Crescent Oaks Place, approximately 250 feet west and 150 feet north of the northwest corner of the intersection of 127th Ave. E and N. 15th Street, and on Crescent Oaks Place, approximately 300 feet west of the northwest corner of the intersection of 127th Ave. E and N. 15th Street, and on Crescent Oaks Place, approximately 350 feet west of the northwest corner of the intersection of 127th Ave. E and N. 15th Street with a street address of 12614 Crescent Oaks Place, Tampa, Hillsborough County, FL 33612. The prospective owner and operator of the proposed development is SP St. James LP, 25400 US Hwy 19 North, Suite 154, Clearwater, FL 33763, or such successor in interest in which Southport Financial Services, Inc. and Innovative Community Concepts, LLC, or an affiliate thereof, is a managing member, general partner and/or controlling stockholder. The prospective manager of the proposed development is New Horizons Management, LLC, Edgewood Management Corporation, 78403 Colesville Road, Suite 400, Silver Springs, MD 20910. The total tax-exempt bond amount is not to exceed $7,400,000. 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. If requested in writing, a fact-finding hearing will be held in the county where the property is located. When possible, the local hearing will be held before the formal TEFRA hearing and comments received at the local hearing will be placed on record at the TEFRA hearing.