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GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development William A. Liggins,

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Presentation on theme: "GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development William A. Liggins,"— Presentation transcript:

1 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development William A. Liggins, Director DC Revenue Bond & Enterprise Zone Program 1350 Pennsylvania Ave NW, Ste 317 Washington, D.C (Fax)

2 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive 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.

3 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive 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.

4 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development

5 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development 2008 ClientsType Year Dollar Amount Dollar Amount Thomas B. Fordham Foundation Association2007 $ 6,300,000 Population Services International Association2007 $ 28,200,000 Vestry Rock Creek Parish Social Service 2008 $ 7,685,000 American Sociological Association Association2008 $ 8,000,000 American Immigration Lawyers Association (EZ) Association2008 $ 15,000,000 Ideal Academy PCS Education2007 $ 10,600,000 Washington Drama Society/Arena Stage Cultural2008 $ 120,000,000 American Legacy Foundation Association2008 $ 28,000,000 Pew Charitable Trust Association2008 $ 200,000,000 Center For Strategic & International Studies Association2008 $ 33,650,000 Children's Hospital (2008) Healthcare2008 $ 250,000,000 National Child Research Center Education2008 $ 7,500,000 KIPP Academy PCS - Benning Rd Education2008 $ 28,225,000 QZAB (Kipp-Will, LAMB, Two Rivers) Education2008 $ 2,360,000 National Academy of Sciences (NAS) Scientific2008 $ 66,325,000 Washington Math Science Technology PCS Education2008 $ 8,048,000 Kennedy Center Arts2008 $ 30,700,000 EL Haynes PCS (NMTC Deal) Education2008 $ 1,510,000 $ 1,510,000 Total $ 852,103,000 $ 852,103,000

6 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development 2009ClientTypeYear Dollar Amount American University (Refunding) American University (Refunding) Education2008$60,900,000 Progressive Life Center Social Service 2008 $ 3,885,000 Wesley Theological Seminary Social Service 2008 $ 11,000,000 $ 11,000,000 American Society of Hematology Association2008 $ 33,965,000 Washington Center for Internships and Academic Seminars Higher Education 2008 $ 33,500,000 $ 33,500,000 Brookings Institute Association2008 $ 40,000,000 $ 40,000,000 National Academy of Sciences (NAS) Scientific2009 $ 57,500,000 $ 57,500,000 Sibley Memorial Hospital Healthcare2009$63,000,000 Georgetown University (Series A, B, & C) Higher Education 2009$121,000,000 Total $ 424,750,000 $ 424,750,000

7 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development 2010 ClientsType Year Dollar Amount Dollar Amount The Methodist Home of the District of ColumbiaSocial Service2009 $ 18,630, Sports Collaborative LLC (BQ) StructureAssociation2010 $ 2,000, St Patrick's School (BQ) StructureEducation2010 $ 17,995, River School (BQ Structure)Education2010 $ 4,000, NPR Cultural2010 $ 162,125, Smithsonian InstitutionCultural2010 $ 30,500, National Association of Student Personnel Adminstrators(NASPA) (BQ Structure)Association2010 $ 4,300, Hyde Public Charter SchoolEducation2010 $ 12,625, National Academy of Sciences (NAS)Scientific2010 $ 59,550, Independent SectorAssociation2010 $ 15,000, Arts & Tech Academy Public CharterEducation2010 $ 7,200, Qualified Zone Academy Bonds ( QZAB)Education2010 $ 4,143, World Wildlife FundAssociation2010 $ 33,015, American Society of NephrologyAssociation2010 $ 8,900, Catholic University 2010Education2010 $ 38,010, Henry J. Kaiser Family Foundation (BQ) (modification)Association2010 N/A Howard University 2010 Bond DealEducation2010 $ 10,400, CONGRESSIONAL HISPANIC CAUCUS INSTITUTE, INC. ( BQ)Association2010 $ 1,323, Total $429,716,987.00

8 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive 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

9 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive 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

10 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive 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

11 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development Georgetown University 39 th & O Streets NW2009 Bond Issuance: $121,000,000

12 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive 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

13 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive 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

14 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive 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

15 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive 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

16 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive 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

17 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive 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

18 GOVERNMENT OF THE DISTRICT OF COLUMBIA Executive Office of the Mayor Office of the Deputy Mayor for Planning and Economic Development


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