Exhibit 99.1





                                  CERTIFICATION
                       PURSUANT TO 18 U.S.C. SECTION 1350,
           AS ADOPTED BY SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

     I, Paul J. Borden, as Principal  Executive  Officer of HomeFed  Corporation
(the "Company")  certify,  pursuant to 18 U.S.C. ss. 1350, as adopted by Section
906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

     (1) the  accompanying  Form 10-Q report for the period ending June 30, 2002
as filed with the U.S.  Securities and Exchange  Commission (the "Report") fully
complies  with the  requirements  of  Section  13(a) or 15(d) of the  Securities
Exchange Act of 1934, as amended; and

     (2) the  information  contained  in the  Report  fairly  presents,  in all
material  respects,  the  financial  condition  and results of operations of the
Company.


Dated:  August 14, 2002


                                                     By:  /s/ Paul J. Borden
                                                     ---------------------------
                                                     Paul J. Borden
                                                     Principal Executive Officer