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DC Revenue Bond Program (Tax-Exempt Bond Financing)
Provides for the issuance and sale of tax-exempt revenue bonds to finance, refinance and reimburse costs to capital projects, including property acquisition, renovation, construction and purchase of machinery and equipment. For more information please visit our Enterprise Zone Incentive section under Tools for Business.
Tax Increment Financing (TIF)
Provides for the issuance and sale of tax-exempt governmental revenue bonds to finance public infrastructure redevelopment within one of more predetermined geographic areas on the basis of specific statutory eligibility criteria. For more information please contact the Office of the Deputy Mayor for Planning & Economic Development at (202) 727-6365.
Downtown Tax Increment Financing Program
The Downtown retail incentive program sets aside $30 million of tax increment financing from retail sales for tenant improvements in the reemerging downtown retail core. Building owners will be able to receive up to $150 per square foot of District government TI allowances for qualified anchor and icon retailers that locate on sections of F, G, 7th or 11th Streets near some of the city’s most successful new retail, restaurant and museum venues. This program is designed to attract new apparel, general merchandise and home furnishing tenants to fill a portion of the 600,000 square feet of new and repositioned retail space within downtown's retail entertainment core. The program’s legislation has been presented to and approved by the DC Council and is currently receiving applications. For more information please contact the Office of the Deputy Mayor for Planning & Economic Development at (202) 727-6365.
Supermarket Tax Exemption Act of 2000
Exempts the owner of a qualified supermarket in a priority development area from sales taxes on the purchase of building materials and equipment for construction or substantial rehabilitation of a qualified supermarket; exempts the qualified supermarket from the payment of license fees, personal property taxes and real property taxes levied on the supermarket for 10 years. For more information please contact the Office of the Deputy Mayor for Planning & Economic Development at (202) 727-6365.
Neighborhood Economic Development Investment
The District Government has introduced the Neighborhood Economic Development Investment Amendment Act (NEDIAA) which will provide a comprehensive set of development incentives to authorize the use of public funding for a variety of economic development efforts throughout the District of Columbia – particularly in neighborhoods outside the downtown core. The program would make available:
- Tax Increment Financing (TIF) bonds
- Payment In Lieu of Taxes (PILOTs)
- Special Assessment Districts for the financing of bonds for public infrastructure projects
- Economic benefits and tax credits for qualified businesses
For more information please contact the Office of the Deputy Mayor for Planning & Economic Development at (202) 727-6365.
Tax Abatement for New Residential Development
Tax abatements intended to provide incentives for the production of new housing downtown and for the production of affordable, mixed income housing in high cost areas of the District of Columbia. For more information please contact the Office of the Deputy Mayor for Planning & Economic Development at (202) 727-6365.
Community Development Block Grants
Annual competition for grant awards to assist projects approved by Department of Housing and Community Development. For more information please contact the Department of Housing & Community Development (DHCD) at (202) 442-7241.
Low Income Housing Tax Credit Program (4%)
Allocates 4% tax credit to developers of new or rehabilitated affordable rental housing. For more information please contact the D.C. Housing Finance Agency (HFA) at (202) 777-1600.
Low Income Housing Tax Credit Program (9%)
Provides 9% federal income tax credits to developers of new or rehabilitated affordable rental housing. For more information please contact the Department of Housing & Community Development (DHCD) at (202) 442-7131.
Tax-Exempt and Taxable Multi-Family Mortgage Revenue Bonds
Bond financing is available for permanent and construction debt associated with the construction/renovation of rental and cooperative housing. For more information please contact the D.C. Housing Finance Agency (HFA) at (202) 777-1600.
Housing Production Trust Fund Program (HPTFP)
Provides financial assistance to nonprofit and commercial developers for low- to moderate income. For more information please contact D.C. Housing Finance Agency (HFA) at (202) 442-7280.
Single-Family Residential Rehabilitation Program
Provides low-cost financing for the rehabilitation of 1-4 unit residential housing. Provides low-interest amortizing loans for up to 20 years, depending on the financial circumstances of the borrower and the amount of rehab required to correct code defic For more information please contact the Department of Housing & Community Development (DHCD)at (202) 442-7280.
Multi-Family Housing Rehabilitation Loan Program
Provides low-cost interim construction financing for the rehabilitation of residential rental properties containing 5 or more units. For more information please contact the Department of Housing & Community Development (DHCD) at (202) 442-7280.
Construction Assistance Program
Provides assistance to nonprofit land trusts to acquire land and buildings for development of low- and moderate-income housing. For more information please contact the Department of Housing and Community Development (DHCD) at (202) 442-7280.
Homestead Housing Preservation Program (HHPP)
District sells single-family tax delinquent rental properties directly to eligible applicants who are selected in a lottery. Multi family properties are sold to tenant associations, cooperative associations and nonprofit developers, through a competitive For more information please contact the Department of Housing & Community Development (DHCD) at (202) 442-7154.
Homeownership Developers Incentive Fund (HDIF)
Provides grants to Community Development Corporations and other nonprofit development entities to help lower the cost of units developed by nonprofits to make them affordable to low- and moderate-income buyers. For more information please contact the Department of Housing & Community Development (DHCD) at (202) 442-7295.
Home Again Program
Assumes site control of abandoned properties and sells them to developers who rehab them into new homeownership opportunities. For more information please contact the Office of the Deputy Mayor for Planning and Economic Development at (202) 727-3774.
Housing Finance for Elderly, Dependent and Disabled (HoFEDD)
Provides financing to commercial and nonprofit applicants to develop housing for individuals with special needs. For more information please contact the Department of Housing & Community Development (DHCD) at (202) 442-7280.
McKinney Act Loan Program
Provides 2-yr, 2% below-prime loans for pre-development costs of projects that serve very low-income (below 50% AMI) or special needs populations. For more information please contact the D.C. Housing Finance Agency (HFA) at (202) 777-1600.
Distressed Properties Improvement Program (DPIP)
Deferral or forgiveness of real- estate taxes, water charges, and other public debts owed on rental properties, as an inducement for owners to rehabilitate previously vacant housing. See Title VIII of the D.C. Rental Housing Act of 1985. For more information please contact the Department of Housing & Community Development (DHCD) at (202) 442-7280.
DC Brownfields Program
A package of incentives and other assistance to encourage the development of qualified Brownfield sites, including: 1) No-cost Phase I/Phase II site assessments 2) Tax credits for site clean-up 3) Revolving low-interest loan program for gap financing 4) For more information please contact the DC Department of Health Office of the Deputy Director for Environmental Health, Science and Regulation at (202) 442-9237.
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