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/A  report  for the  period  ending
September  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:  May 22, 2003


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




A signed original of this written statement required by Section 906 has been
provided to HomeFed Corporation and will be retained by HomeFed Corporation and
furnished to the Securities and Exchange Commission or its staff upon request.