Office of the Deputy Mayor for Planning and Economic Development 1100 4 th Street SW Suite E500 Washington DC 20024 2027276365 wwwdcbizdcgov What is the Revenue BondEnterprise Zone Program ID: 811051
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DC Revenue Bond & Enterprise Zone ProgramOffice of the Deputy Mayor for Planning and Economic Development1100 4th Street, S.W., Suite E500, Washington, D.C. 20024202.727.6365www.dcbiz.dc.gov
Slide2What 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.
Slide3Bond IssuanceProgram 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.
Slide4Revenue Bond Timeline
Slide5Fiscal Year 2011 Revenue Bond DealsClients
Type
Amount Issued
Closing
Date
Purpose
Public Welfare Foundation (BQ) Modification
Association
N/A
11/1/2010
Modification Closing
St. John's College High School (BQ Structure)
Education
$ 19,000,000.00
11/3/2010
Acquis./Renovation,New Constr/Refi
NAEYC (
Int
Rate Conversion series 2006)
Education
N/A
11/23/2010
Modification /Conversion
Appletree
PCS (QSCB)
Education
$ 3,535,000.00
11/23/2010
Acquisition/Renovation/Construction
Shakespeare Theatre
Cultural
$ 10,500,000.00
11/30/2010
Refinancing
American Bus Association (Recovery Zone Facility Bonds)
Association
$ 3,995,000.00
12/15/2010
Acquisition and Revnovation
Hospital for Sick Children ( Modification Conversion)
Edcuation
N/A
12/17/2010
Modification/Conversion
United Negro College Fund
Association
$ 26,000,000.00
12/23/2010
Aqui, Revo, Constr
The Field School (Modification/Conversion)
Education
N/A
12/23/2010
Modification/Conversion
Protestant Episcopal Cathedral Foundation (Modification/Conversion)
Association
N/A
12/29/2010
Modification/Conversion
Sibley Memorial Hospital (Modification Conversion)
Healthcare
N/A
12/29/2010
Modification/Conversion
Georgetown University 2010 (First Closing)
Education
$ 45,000,000.00
12/29/2010
Construction/Renovation
Cesar Chavez PCS
Education
$ 27,210,000.00
3/2/2011
Refinancing
American Association for the Advancement of Science
Association
N/A
3/24/2011
Modification/Conversion
St Collettas PCS ( Modification Conversion)
Edcuation
N/A
4/1/2011
Modification/Conversion
Georgetown University 2010 ( balance left of $90mill resolution)
Education
$ 45,000,000.00
4/7/2011
Construction/Renovation
German Marshall Fund of the United States
Association
$ 12,000,000.00
4/21/2011
Renovation
Howard University
Education
$ 290,315,000.00
4/27/2011
Refunding, Renovation, Construction
Gallaudet University
Education
$ 40,000,000.00
5/25/2011
Renovation/Construction
Center For Strategic & International Studies
Association
$ 44,815,000.00
6/16/2011
Renovation/Construction
Capitol Hill Day School
Education
$ 4,500,000.00
7/21/2011
Renovation
Society for Neuroscience
Association
N/A
8/1/2011
Modification/Conversion
Association of American Medical Colleges
Association
$ 45,540,000.00
8/31/2011
Acqusition
/
Refi
/Construction
Slide61329 Kenilworth Ave1329 Kenilworth Ave., N.E.2004 Bond Issuance: $2,800,000
Slide7John F. Kennedy Center for the Performing Arts
New Hampshire Ave. and F Streets,
N.W.
2008 Bond Issuance: $30,700,000
Slide8Children’s Hospital111 Michigan Ave., N.W. 2008 Bond Issuance: $250,000,000
Slide9American Society of Hematology1900 M Street, N.W.2008 Bond Issuance: $33,965,000
Slide10E.L. Haynes PCS3600 Georgia Avenue, N.W.2008 Bond Issuance: $1,510,000
Slide11Georgetown University39th & O Streets N.W.2009 Bond Issuance: $121,000,000
Slide12The Brookings Institution1775 Massachusetts Ave, N.W.2009 Bond Issuance: $40,000,000
Slide13The Shakespeare Theatre620 F Street, N.W. 2011 Bond Issuance: $10,500,000
Slide14Gallaudet University800 Florida Avenue, N.E.2011 Bond Issuance: $40,000,000
Slide15The EndFor additional information, my contact information is listed below:Gregory Johnson, Project ManagerDC Revenue Bond & Enterprise Zone ProgramOffice of the Deputy Mayor for Planning and Economic Development1100 4th
Street, S.W., Suite E500, Washington, DC 20024
202-724-7299
Gregory.johnson2@dc.gov