The Revenue Bond Program spoke at the WDCEP's Entrepreneur Road Map Financial Incentives seminar held at Venable (8/13/14). Revenue Bonds can be used to help finance new construction, renovations or capital costs.

1. 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

2. 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. 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. 1
APPLICANT
Completed
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

6. Fiscal Year 2013 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
Washington Int. School Association $33,500,000 7/25/2013 Renovating/Refunding
KIPP, DC Education $63,070,000 8/1/2013 Acqui, Renov, Constr, Refi
American Public Health Assoc
(APHA) Association $7,160,000 8/8/2013 Refunding
Total FY 2013 Deals $657,350,000

7. Fiscal Year 2014(To-date) Revenue Bond Deals
Clients Type Amount Issued Closing Date Purpose
Friends of Legal Services Association $9,460,000 10/1/2013 Conversion
Endocrine Society Association $14,200,000 11/1/2013
Acqui/Renovation (Office
Condo)
Hogar Hispano Inc. Association $13,820,000 11/1/2013 Modification
American Immigration Lawyers
Association (AILA) Association $13,780,000 12/2/2013 Conversion
National Children's Center Association $ 4,900,000 12/20/2013 Refund/Renovation
Mundo Verde Education $11,480,000 1/15/2014 Renovation/Construction
Ingleside Rock Creek Association $ 29,254,000 4/24/2014 Refund/Renovation/Constr
Jesuit Conference Education $ 8,605,000 6/2/2014 Conversion
Trinity College Education $30,300,000 6/2/2014 Refund/Renovation/Constr
National Presbyterian School Education $ 5,000,000 6/18/2014 Renovation/Constr
The Lab School Education $18,235,000 6/26/2014
Refinancing, Renovation,
Constr
Capital City Public Charter School Education $19,200,000 7/11/2014 Refund/Renovation
Total FY 2014 Deals $178,234,000

8. 1329 Kenilworth Ave
1329 Kenilworth Ave., NE
2004 Bond Issuance: $2,800,000

9. NJA Hotel
140 L Street, SE
2005 Bond Issuance:
$15,000,000

10. John F. Kennedy Center for the
Performing Arts
New Hampshire Ave. and F Streets, NW
2008 Bond Issuance: $30,700,000

11. Children’s Hospital
111 Michigan Ave., NW
2008 Bond Issuance:
$250,000,000

12. The Brookings Institution
1775 Massachusetts Ave, NW
2008 Bond Issuance: $40,000,000

13. E.L. Haynes PCS
3600 Georgia Avenue, NW
2008 Bond Issuance: $1,510,000

14. The River School
4880 MacArthur Boulevard NW
2010 Bond Issuance: $4,000,000

15. UNCF
1815 7th Street, NW
2011 Bond Issuance: $26,000,000

16. American Society of Hematology
1900 M Street, NW
2012 Bond Issuance:
$33,965,000

17. 1111 North Capitol Street, N.E.,
2013 Bond Issuance: $87,430,000
NPR – National Public Radio

18. Mundo Verde PCS
44 P Street NW
2014 Bond Issuance: $11,480,000

19. Association of American Medical
Colleges – (before)
655 K St NW,

20. Association of American Medical
Colleges – (after)
655 K St NW,
2011 & 2012 Bond Issuances $154,875,000

22. Thank you!!
 For any questions, comments, or concerns my contact
information is listed below:
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, DC 20024
202-724-6199 202-724-9007 (Fax)
William.liggins@dc.gov