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

1APPLICANT

Completed Application

2IRB PROGRAM

3DC Agencies

3Bond & OAG

5CLOSING

4Council Approval

4TEFRA 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

GOVERNMENT OF THE DISTRICT OF COLUMBIAExecutive Office of the Mayor

Office of the Deputy Mayor for Planning and Economic Development