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NOTICE OF PUBLIC HEARING

| August 8, 2006 9:00 PM

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.

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