William A. Liggins, DirectorDC Revenue Bond & Enterprise Zone Program
Office of the Deputy Mayor for Planning and Economic Development1100 4th Street, S.W., Suite E500, Washington, D.C. 20024
202-724-6199 202-724-9007 (Fax)www.dcbiz.dc.gov
What is the Revenue Bond/Enterprise Zone Program?
The District of Columbia Revenue Bond Program provides below market interest rate loans to help lower the cost of funds available for capital projects.
These bonds are used to finance a wide variety of projects including: health care, housing, transit and utility facilities, recreational facilities, health facilities, manufacturing, sports, convention and entertainment facilities, elementary, secondary, college, and university facilities, student loan programs, pollution control facilities, and industrial and commercial development.
Bond IssuanceProgram funds are generated through the issuance and sale of
District of Columbia revenue bonds, notes, or other obligations.
Proceeds from the sale of tax-exempt issuances may be used to finance, refinance and reimburse costs of acquiring, constructing, restoring, rehabilitating, expanding, improving, equipping and furnishing real property and related and subordinate facilities.
Limitations may apply to the use of bond proceeds for the acquisition of land and the purchase of existing property, depending on the location of the site and the type of applicant.
1
APPLICANTCompleted Application
2
IRB PROGRAM
3
DC Agencies
3
Bond & OAG
5
CLOSING
4
Council Approval
4
TEFRA Hearing
3
Legal and Finance Working Group Sessions
10 Days 20 Days 15 Days 15 Days
Transmit Application Regulatory Reviews
Public Hearing Notice
Legal Reviews
Procurement/Set Schedule
Transmit Application
Revenue Bond Timeline
Fiscal Year 2013 Revenue Bond Deals
Clients Type Amount Issued Closing Date Purpose
Wesley Theological Seminary Education $19,615,000 10/1/2012 Ref/Refi/Renovation
John F. Kennedy Center Cultural $26,400,000 10/1/2012 Conversion
Friendship Public Charter School Education $35,780,000 10/30/2012 Ref/Refi/Renovation
Phllips Collection Cultural $12,465,000 11/1/2012 Conversion
Howard Road Academy PCS Education $4,400,000 11/30/2012 Conversion
National Academy of Sciences Scientific $118,445,000 12/3/2012 Conversion
Edmund Burke Education $13,000,000 2/1/2013 ConversionProvident Resources - Howard University Student Housing Education $107,965,000 2/14/2013 New Construction Association of American Medical Colleges Association $42,385,000 2/28/2013 Conversion
Field School Education $31,235,000 3/18/2013 Construction/Renovation
Lowell School Education $15,000,000 4/1/2013 Construction/ Refinance
National Public Radio (NPR) Association $87,430,000 5/2/2013 Refunding
Center for Global Development Association $13,360,000 6/3/2013 Acquisition/Renovation
Independent Sector Association $11,600,000 6/4/2013 Conversion
Two Rivers Public Charter School Education $14,500,000 6/7/2013 Refi/Revovation
Washington Int. School Association $33,500,000 7/25/2013 Renovating/Refunding
KIPP, DC Education $63,070,000 8/1/2013 Acqui, Renov, Constr, RefiAmerican Public Health Assoc (APHA) Association $7,160,000 8/8/2013 Refunding
Total FY 2013 Deals $657,350,000
Fiscal Year 2014(To-date) Revenue Bond Deals
Clients Type Amount Issued Closing Date Purpose
Friends of Legal Services Association $9,460,000 10/1/2013 Conversion
Endocrine Society Association
$14,200,000 11/1/2013Acqui/Renovation (Office Condo)
Hogar Hispano Inc. Association $13,820,000 11/1/2013 ModificationAmerican Immigration Lawyers Association (AILA) Association $13,780,000 12/2/2013 Conversion
National Children's Center Association $ 4,900,000 12/20/2013 Refund/Renovation
Mundo Verde Education $11,480,000 1/15/2014 Renovation/Construction
Ingleside Rock Creek Association $ 29,254,000 4/24/2014 Refund/Renovation/Constr
Jesuit Conference Education $ 8,605,000 6/2/2014 Conversion
Trinity College Education $30,300,000 6/2/2014 Refund/Renovation/Constr
National Presbyterian School Education $ 5,000,000 6/18/2014 Renovation/Constr
The Lab School Education $18,235,000 6/26/2014Refinancing, Renovation, Constr
Capital City Public Charter School Education $19,200,000 7/11/2014 Refund/Renovation
Total FY 2014 Deals $178,234,000
1329 Kenilworth Ave
1329 Kenilworth Ave., NE
2004 Bond Issuance: $2,800,000
NJA Hotel
140 L Street, SE
2005 Bond Issuance: $15,000,000
John F. Kennedy Center for the Performing Arts
New Hampshire Ave. and F Streets, NW2008 Bond Issuance: $30,700,000
Children’s Hospital
111 Michigan Ave., NW
2008 Bond Issuance: $250,000,000
The Brookings Institution
1775 Massachusetts Ave, NW
2008 Bond Issuance: $40,000,000
E.L. Haynes PCS
3600 Georgia Avenue, NW
2008 Bond Issuance: $1,510,000
The River School
4880 MacArthur Boulevard NW
2010 Bond Issuance: $4,000,000
UNCF
1815 7th Street, NW
2011 Bond Issuance: $26,000,000
American Society of Hematology
1900 M Street, NW
2012 Bond Issuance: $33,965,000
1111 North Capitol Street, N.E., 2013 Bond Issuance: $87,430,000
NPR – National Public Radio
Mundo Verde PCS
44 P Street NW
2014 Bond Issuance: $11,480,000
Association of American Medical Colleges – (before)
655 K St NW,
Association of American Medical Colleges – (after)
655 K St NW, 2011 & 2012 Bond Issuances $154,875,000
Thank you!!
For any questions, comments, or concerns my contact information is listed below:
William A. Liggins, DirectorDC Revenue Bond & Enterprise Zone ProgramOffice of the Deputy Mayor for Planning and Economic Development1100 4th Street, S.W., Suite E500, Washington, DC 20024202-724-6199 202-724-9007 (Fax)[email protected]
