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DC Revenue Bond & Enterprise Zone Program

DC Revenue Bond & Enterprise Zone Program Office of the Deputy Mayor for Planning and Economic Development 1100 4 th Street, S.W., Suite E500, Washington, D.C. 20024 202.727.6365 www.dcbiz.dc.gov. What is the Revenue Bond/Enterprise Zone Program?.

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DC Revenue Bond & Enterprise Zone Program

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  1. DC Revenue Bond & Enterprise Zone Program Office of the Deputy Mayor for Planning and Economic Development 1100 4th Street, S.W., Suite E500, Washington, D.C. 20024 202.727.6365 www.dcbiz.dc.gov

  2. 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.

  3. 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.

  4. Revenue Bond Timeline

  5. Fiscal Year 2011 Revenue Bond Deals

  6. 1329 Kenilworth Ave 1329 Kenilworth Ave., N.E. 2004 Bond Issuance: $2,800,000

  7. John F. Kennedy Center for the Performing Arts New Hampshire Ave. and F Streets, N.W. 2008 Bond Issuance: $30,700,000

  8. Children’s Hospital 111 Michigan Ave., N.W. 2008 Bond Issuance: $250,000,000

  9. American Society of Hematology 1900 M Street, N.W. 2008 Bond Issuance: $33,965,000

  10. E.L. Haynes PCS 3600 Georgia Avenue, N.W. 2008 Bond Issuance: $1,510,000

  11. Georgetown University 39th & O Streets N.W. 2009 Bond Issuance: $121,000,000

  12. The Brookings Institution 1775 Massachusetts Ave, N.W. 2009 Bond Issuance: $40,000,000

  13. The Shakespeare Theatre 620 F Street, N.W. 2011 Bond Issuance: $10,500,000

  14. Gallaudet University 800 Florida Avenue, N.E. 2011 Bond Issuance: $40,000,000

  15. The End • For additional information, my contact information is listed below: Gregory Johnson, Project Manager DC Revenue Bond & Enterprise Zone Program Office of the Deputy Mayor for Planning and Economic Development 1100 4th Street, S.W., Suite E500, Washington, DC 20024 202-724-7299 Gregory.johnson2@dc.gov

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