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William A. Liggins, Director DC Revenue Bond & Enterprise Zone Program

William A. Liggins, Director 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 202-724-6199 202-724-9007 (Fax) www.dcbiz.dc.gov.

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William A. Liggins, Director DC Revenue Bond & Enterprise Zone Program

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  1. William A. Liggins, Director 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 202-724-6199 202-724-9007 (Fax) 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 2013 Revenue Bond Deals

  6. Fiscal Year 2014(To-date) Revenue Bond Deals

  7. 1329 Kenilworth Ave 1329 Kenilworth Ave., NE 2004 Bond Issuance: $2,800,000

  8. NJA Hotel 140 L Street, SE 2005 Bond Issuance: $15,000,000

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

  10. Children’s Hospital 111 Michigan Ave., NW 2008 Bond Issuance: $250,000,000

  11. The Brookings Institution 1775 Massachusetts Ave, NW 2008 Bond Issuance: $40,000,000

  12. E.L. Haynes PCS 3600 Georgia Avenue, NW 2008 Bond Issuance: $1,510,000

  13. The River School 4880 MacArthur Boulevard NW 2010 Bond Issuance: $4,000,000

  14. UNCF 1815 7th Street, NW 2011 Bond Issuance: $26,000,000

  15. American Society of Hematology 1900 M Street, NW 2012 Bond Issuance: $33,965,000

  16. NPR – National Public Radio 1111 North Capitol Street, N.E., 2013 Bond Issuance: $87,430,000

  17. Mundo Verde PCS 44 P Street NW 2014 Bond Issuance: $11,480,000

  18. Association of American Medical Colleges – (before) 655 K St NW,

  19. Association of American Medical Colleges – (after) 655 K St NW, 2011 & 2012 Bond Issuances $154,875,000

  20. Thank you!! • For any questions, comments, or concerns my contact information is listed below: William A. Liggins, Director 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 202-724-6199 202-724-9007 (Fax) William.liggins@dc.gov

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