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 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 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. Revenue Bond Timeline Transmit Application 3 5 DC Agencies CLOSING Regulatory Reviews 4 1 APPLICANT 2 Completed Application IRB PROGRAM Public Hearing Notice Council Approval 4 Legal Reviews Transmit Application TEFRA Hearing 3 Bond & OAG Procurement/ Set Schedule 3 Legal and Finance Working Group Sessions 10 Days 20 Days 15 Days 15 Days Fiscal Year 2012 Revenue Bond Deals Clients Association of American Medical Colleges Type Amount Issued Closing Date Purpose Acquisition/Refi/ Construction Association $109,335,000 11/2/2011 Education $10,642,000 11/18/2011 Cultural $7,000,000 12/7/2011 EL Haynes PCS Education $13,350,000 2/22/2012 Washington Yu Ying PCS Education $10,275,000 2/23/2012 Kingsbury Center Education $11,000,000 4/2/2012 Refunding/Refinance Modification/ Conversion Construction/ Renovation Acquisition and Renovation Refunding and Renovation Georgetown Day School American Society of Hematology Education $30,200,000 4/4/2012 Conversion Association $33,155,000 5/2/2012 Conversion Options PCS Hillel DC Consortium Bond American Education Research Association Education $15,150,000 6/1/2012 Conversion Association $6,900,000 8/17/2012 Refunding Gonzaga High School Education $12,000,000 8/31/2012 Conversion $62,680,000 9/4/2012 Conversion Council on Foreign Relations Association Total FY 2012 Deals $321,687,000 Fiscal Year 2013(To-date) Revenue Bond Deals Clients Wesley Theological Seminary Type Amount Issued Closing Date Purpose Education $19,615,000 10/1/2012 Ref/Refi/Renovation Cultural $26,400,000 10/1/2012 Conversion Education $35,780,000 10/30/2012 Ref/Refi/Renovation 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 Provident Resources - Howard University Student Housing Association of American Medical Colleges Education $13,000,000 2/1/2013 Conversion Education $107,965,000 2/14/2013 New Construction 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 Two Rivers Public Charter School Association $11,600,000 6/4/2013 Conversion Education $14,500,000 6/7/2013 Refi/Revovation John F. Kennedy Center Friendship Public Charter School Phllips Collection Total FY 2013 Deals $553,620,000 1329 Kenilworth Ave 1329 Kenilworth Ave., NE 2004 Bond Issuance: $2,800,000 NJA Hotel 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 E.L. Haynes PCS 3600 Georgia Avenue, NW 2008 Bond Issuance: $1,510,000 National Academy of Sciences 500 Fifth St., NW 2008 Bond Issuance: $57,500,000 American Society of Hematology 1900 M Street, NW 2008 Bond Issuance: $33,965,000 Sibley Memorial Hospital 5255 Loughboro Road, NW 2009 Bond Issuance: $63,000,000 Carlos Rosario Public Charter School (Community Capital Corporation) 1100 Harvard Street, NW $9,300,000 Georgetown University 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 Manager 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 202-724-7299 202-724-9007 (Fax) gregory.johnson2@dc.gov