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

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 2011 Revenue Bond Deals

Clients 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 11/3/2010Acquis./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 11/23/2010Acquisition/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 4/27/2011Refunding, 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

1329 Kenilworth Ave

1329 Kenilworth Ave., N.E.

2004 Bond Issuance: $2,800,000

John F. Kennedy Center for the Performing Arts

New Hampshire Ave. and F Streets, N.W.

2008 Bond Issuance: $30,700,000

Children’s Hospital

111 Michigan Ave., N.W.

2008 Bond Issuance: $250,000,000

American Society of Hematology

1900 M Street, N.W.

2008 Bond Issuance: $33,965,000

E.L. Haynes PCS

3600 Georgia Avenue, N.W.

2008 Bond Issuance: $1,510,000

Georgetown University

39th & O Streets N.W.

2009 Bond Issuance: $121,000,000

The Brookings Institution

1775 Massachusetts Ave, N.W.

2009 Bond Issuance: $40,000,000

The Shakespeare Theatre

620 F Street, N.W.

2011 Bond Issuance: $10,500,000

Gallaudet University

800 Florida Avenue, N.E.

2011 Bond Issuance: $40,000,000

The End

For 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 20024202-724-7299Gregory.johnson2@dc.gov