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GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
William A. Liggins, Director DC Revenue Bond & Enterprise Zone Program1350 Pennsylvania Ave NW, Ste 317 Washington, D.C. 20036202-727-6365 202-724-9007 (Fax)www.dcbiz.dc.gov
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
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.
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
Bond Issuance
• Program 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.
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
1
APPLICANTCompleted Application
2
IRB PROGRAM
3
DC Agencies
3
Bond & OAG
5
CLOSING
4
Council Approval
4
TEFRA Hearing
District of Columbia Office of the Deputy Mayor for Planning and Economic Development
Revenue Bond Program General Timeline
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
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
2008 Clients Type Year Dollar Amount
Thomas B. Fordham Foundation Association 2007 $ 6,300,000
Population Services International Association 2007 $ 28,200,000
Vestry Rock Creek Parish Social Service 2008 $ 7,685,000
American Sociological Association Association 2008 $ 8,000,000
American Immigration Lawyers Association
(EZ) Association 2008 $ 15,000,000
Ideal Academy PCS Education 2007 $ 10,600,000
Washington Drama Society/Arena Stage Cultural 2008 $ 120,000,000
American Legacy Foundation Association 2008 $ 28,000,000
Pew Charitable Trust Association 2008 $ 200,000,000
Center For Strategic & International Studies Association 2008 $ 33,650,000
Children's Hospital (2008) Healthcare 2008 $ 250,000,000
National Child Research Center Education 2008 $ 7,500,000
KIPP Academy PCS - Benning Rd Education 2008 $ 28,225,000
QZAB (Kipp-Will, LAMB, Two Rivers) Education 2008 $ 2,360,000
National Academy of Sciences (NAS) Scientific 2008 $ 66,325,000
Washington Math Science Technology PCS Education 2008 $ 8,048,000
Kennedy Center Arts 2008 $ 30,700,000
EL Haynes PCS (NMTC Deal) Education 2008 $ 1,510,000
Total $
852,103,000
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
2009 Client Type Year Dollar Amount
American University (Refunding) Education 2008 $60,900,000
Progressive Life Center Social Service 2008 $ 3,885,000
Wesley Theological Seminary Social Service 2008 $ 11,000,000
American Society of Hematology Association 2008 $ 33,965,000
Washington Center for Internships and Academic
SeminarsHigher Education 2008 $ 33,500,000
Brookings Institute Association 2008 $ 40,000,000
National Academy of Sciences (NAS) Scientific 2009 $ 57,500,000
Sibley Memorial Hospital Healthcare 2009 $63,000,000
Georgetown University (Series A, B, & C)Higher Education 2009 $121,000,000
Total $ 424,750,000
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
2010 Clients Type Year Dollar Amount
The Methodist Home of the District of Columbia Social Service 2009 $ 18,630,000.00
Sports Collaborative LLC (BQ) Structure Association 2010 $ 2,000,000.00
St Patrick's School (BQ) Structure Education 2010 $ 17,995,000.00
River School (BQ Structure) Education 2010 $ 4,000,000.00
NPR - 2010 Cultural 2010 $ 162,125,000.00
Smithsonian Institution Cultural 2010 $ 30,500,000.00
National Association of Student Personnel Adminstrators(NASPA) (BQ Structure) Association 2010 $ 4,300,000.00
Hyde Public Charter School Education 2010 $ 12,625,000.00
National Academy of Sciences (NAS) Scientific 2010 $ 59,550,000.00
Independent Sector Association 2010 $ 15,000,000.00
Arts & Tech Academy Public Charter Education 2010 $ 7,200,000.00
Qualified Zone Academy Bonds ( QZAB) Education 2010 $ 4,143,000.00
World Wildlife Fund Association 2010 $ 33,015,000.00
American Society of Nephrology Association 2010 $ 8,900,000.00
Catholic University 2010 Education 2010 $ 38,010,000.00
Henry J. Kaiser Family Foundation (BQ) (modification) Association 2010 N/A
Howard University 2010 Bond Deal Education 2010 $ 10,400,000.00
CONGRESSIONAL HISPANIC CAUCUS INSTITUTE, INC. ( BQ) Association 2010 $ 1,323,987.00
Total $429,716,987.00
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
1329 Kenilworth Ave
1329 Kenilworth Ave., NE 2004 Bond Issuance: $2,800,000
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
NJA Hotel 140 L Street, SE
2005 Bond Issuance: $15,000,000
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
John F. Kennedy Center for the Performing Arts
New Hampshire Ave. and F Streets, NW 2008 Bond Issuance: $30,700,000
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
Georgetown University
39th & O Streets NW2009 Bond Issuance: $121,000,000
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
Sibley Memorial Hospital
5255 Loughboro Road, NW2009 Bond Issuance: $63,000,000
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
American Society of Hematology
1900 M Street, NW
2008 Bond Issuance: $33,965,000
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
National Academy of Sciences
500 Fifth St., NW 2008 Bond Issuance: $57,500,000
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
E.L. Haynes PCS
3600 Georgia Avenue, NW 2008 Bond Issuance: $1,510,000
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
The Brookings Institution
1775 Massachusetts Ave, NW
2008 Bond Issuance: $40,000,000
GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor
Office of the Deputy Mayor for Planning and Economic Development
Children’s Hospital
111 Michigan Ave., NW 2008 Bond Issuance: $250,000,000