NOTICE OF PUBLIC HEARING

The Washington State Housing Finance Commission (the "Commission") will hold an open public hearing for the purpose of considering the issuance by the Commission of tax-exempt revenue bonds (the "Bonds") to provide a portion of the financing for a facility to be owned by Heron Creek Apartments, LLC, a Washington limited liability company. The public hearing will be held starting a 1 p.m., Thursday, August 24, 2006, in the 28th floor Board Room of the Commission's offices located at 1000 Second Avenue, Seattle, Washington 98104-1046.

The Bonds will be issued pursuant to Chapter 43.180 Revised Code of Washington and the Internal Revenue Code of 1986, as amended (the "Code").

The proceeds of the Bonds will be used to provide financing for the following project:

Project: Heron Creek Apartments

Project Address: North of 9th Avenue East,

approximately 200 feet east of

intersection of 9th Avenue East

and South Division Street

Moses Lake, WA 99218

Estimated Total Project Cost: $10,200,000

Estimated Bond Amount: $6,400,000 (a portion

of which may be taxable)

The project will consist of the construction of a 96-unit multifamily housing facility.

Each apartment will be a separate and complete dwelling unit consisting of living, eating, and sanitation facilities. A percentage of the total units will be set aside for persons or households with low incomes.

Written comments with respect to the proposed project and the proposed Bonds may be mailed or faxed to the attention of Leslie Brinson Price, WSHFC, Capital Project Division, 1000 Second Avenue, Suite 2700, Seattle, WA 98104-1046 or to (206) 587-5113, for receipt no later than 5 p.m. on Wednesday, August 23, 2006. Public testimony will be heard from all interested members of the public attending the hearing. The Commission will consider the public testimony and written comments in determining if the project will receive funding from tax-exempt bonds. Testimony and written comments regarding land use, zoning and environmental regulation should be directed to the local jurisdiction that is authorized to consider these matters when issuing building permits for the project.

Anyone requiring an accommodation consistent with the Americans with Disabilities Act should contact Capital Projects at 206.464.7139 or 1.800.767.HOME (in state) at least 48 hours in advance for the hearing.

The results of the hearing will be sent to the Governor for her approval.

#08034

Pub.: August 9, 2006