William A. Liggins, DirectorDC Revenue Bond & Enterprise Zone ProgramOffice of the Deputy Mayor for Planning and Economic Development1100 4th Street, S.W., Suite E500, Washington, D.C. 20024202-724-6199 202-724-9007 (Fax)www.dcbiz.dc.gov

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.

Bond 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.

1

APPLICANTCompleted Application

2

IRB PROGRAM

3

DC Agencies

3

Bond & OAG

5

CLOSING

4

Council Approval

4

TEFRA Hearing

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

Revenue Bond Timeline

Fiscal Year 2012 Revenue Bond Deals

Clients Type Amount Issued Closing Date Purpose

Association of American Medical Colleges Association $109,335,000 11/2/2011

Acquisition/Refi/Construction

Options PCS Education $10,642,000 11/18/2011 Refunding/Refinance

Hillel Cultural $7,000,000 12/7/2011Modification/Conversion

EL Haynes PCS Education $13,350,000 2/22/2012Construction/Renovation

Washington Yu Ying PCS Education $10,275,000 2/23/2012Acquisition and Renovation

Kingsbury Center Education $11,000,000 4/2/2012Refunding and Renovation

Georgetown Day School Education $30,200,000 4/4/2012 Conversion American Society of Hematology Association $33,155,000 5/2/2012 Conversion

DC Consortium Bond Education $15,150,000 6/1/2012 Conversion American Education Research Association Association $6,900,000 8/17/2012 Refunding

Gonzaga High School Education $12,000,000 8/31/2012 Conversion

Council on Foreign Relations Association $62,680,000 9/4/2012 Conversion

Total FY 2012 Deals $321,687,000

Fiscal Year 2013(To-date) Revenue Bond Deals

Clients Type Amount Issued Closing Date Purpose

Wesley Theological Seminary Education $19,615,000 10/1/2012 Ref/Refi/Renovation

John F. Kennedy Center Cultural $26,400,000 10/1/2012 Conversion

Friendship Public Charter School Education $35,780,000 10/30/2012 Ref/Refi/Renovation

Phllips Collection Cultural $12,465,000 11/1/2012 Conversion

Howard Road Academy PCS Education $4,400,000 11/30/2012 Conversion

National Academy of Sciences Scientific $118,445,000 12/3/2012 Conversion

Edmund Burke Education $13,000,000 2/1/2013 Conversion

Provident Resources - Howard University Student Housing Education $107,965,000 2/14/2013 New Construction

Association of American Medical Colleges Association $42,385,000 2/28/2013 Conversion

Field School Education $31,235,000 3/18/2013 Construction/Renovation

Lowell School Education $15,000,000 4/1/2013 Construction/ Refinance

National Public Radio (NPR) Association $87,430,000 5/2/2013 Refunding

Center for Global Development Association $13,360,000 6/3/2013 Acquisition/Renovation

Independent Sector Association $11,600,000 6/4/2013 Conversion

Two Rivers Public Charter School Education $14,500,000 6/7/2013 Refi/Revovation

Total FY 2013 Deals $553,620,000

1329 Kenilworth Ave., NE

2004 Bond Issuance: $2,800,000

140 L Street, SE

2005 Bond Issuance: $15,000,000

John F. Kennedy Center for the Performing Arts

New Hampshire Ave. and F Streets, NW

2008 Bond Issuance: $30,700,000

Children’s Hospital

111 Michigan Ave., NW

2008 Bond Issuance: $250,000,000

The Brookings Institution

1775 Massachusetts Ave, NW

2008 Bond Issuance: $40,000,000

3600 Georgia Avenue, NW

2008 Bond Issuance: $1,510,000

500 Fifth St., NW

2008 Bond Issuance: $57,500,000

1900 M Street, NW

2008 Bond Issuance: $33,965,000

5255 Loughboro Road, NW

2009 Bond Issuance: $63,000,000

(Community Capital Corporation)1100 Harvard Street, NW

$9,300,000

Carlos Rosario Public Charter School

39th & O Streets NW

2009 Bond Issuance: $121,000,000

The End

For any questions, comments, or concerns 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 20024202-724-7299 202-724-9007 (Fax)gregory.johnson2@dc.gov