This resolution authorizes the District of Columbia to issue up to $30.5 million in tax-exempt revenue bonds to help St. Patrick's Episcopal Day School fund and refinance its school facilities. The funds will specifically support improvements at the school's existing campuses and the construction of a new 33,000-square-foot middle school building. The legislation ensures that the District has no financial liability for these bonds, meaning the school itself is responsible for repaying the debt.
This resolution authorizes the District of Columbia to issue up to $460 million in tax-exempt revenue bonds to assist Provident Group - Bison Properties Inc. with three main financial activities. The funds will be used to pay off three existing bond series from 2022, purchase a long-term lease for the Mary M. Bethune Annex student dormitory at Howard University, and cover maintenance and safety upgrades for several student housing buildings. The legislation explicitly states that these bonds are not backed by the District's general funds or tax power, meaning the city has no financial liability if the project fails.
This resolution authorizes the District of Columbia to issue up to $15 million in tax-exempt revenue bonds to help Food & Friends, Inc. finance its headquarters and food preparation facility at 219 Riggs Road, NE. The funds will cover costs for renovating, expanding, and constructing the building, as well as purchasing related equipment and furnishings. The bonds are structured so that the District has no financial liability or obligation to repay them, meaning the nonprofit organization is solely responsible for the debt. This measure uses a specific legal mechanism that allows the city to provide financing without pledging its general credit or taxing power.
This resolution authorizes the District of Columbia to issue up to $17 million in tax-exempt revenue bonds to help Harmony DC Public Charter Schools fund a school project. The funds will be used to acquire, renovate, and equip a 33,774-square-foot facility at 2917 8th Street NE, as well as cover related costs like interest and issuance fees. The bonds are structured so that the District has no financial liability or obligation to repay them, meaning the school itself is responsible for the debt. This measure allows the school to finance its development without creating a general debt for the city.
This bill authorizes the District of Columbia to issue up to $375 million in tax-exempt revenue bonds to help PRG Wonder Plaza Properties Inc. finance a major redevelopment project at Howard University. The funds will be used to purchase a 1.59-acre site, renovate an existing building into a mixed-use facility with student housing, a wellness center, and retail space, and refinance previous development costs. The resolution explicitly states that these bonds are not backed by the District's general tax revenue or credit, meaning the city has no financial obligation if the project fails.
This resolution authorizes the District of Columbia to issue up to $25 million in tax-exempt revenue bonds to help the D.C. Preparatory Academy build and renovate a new 42,000-square-foot public charter school facility. The funds will be used to cover construction costs, working capital needs, interest payments, and fees associated with the bond issuance. The District explicitly states that these bonds are not general obligations and do not create any debt or financial liability for the city.
This resolution authorizes the District of Columbia to issue up to $90 million in tax-exempt revenue bonds to support Friendship Public Charter School, Inc. The funds will be used to refinance existing debt from 2016 and finance renovations at several school campuses across Ward 7 and other locations in the District. The bonds are structured so that the District of Columbia has no financial liability or obligation to repay them, meaning the school corporation alone is responsible for the debt. This measure allows the school to access financing for capital improvements without creating a general obligation debt for the District.
This resolution authorizes the District of Columbia to issue up to $700 million in tax-exempt revenue bonds for DC Housing Solutions, Inc. (a nonprofit 501(c)(3) organization) to finance the renovation of 19 multifamily housing buildings across seven wards, totaling 3,497 units. The bonds will be used to cover costs for acquiring, renovating, and modernizing these buildings - specifically including projects like Carroll Apartments (60 units) and Claridge Towers (343 units) - without using District general funds or taxing power. The District bears no financial liability, as the bonds are non-recourse and do not constitute a debt of the District under the Home Rule Act. This directly affects residents of the 3,500 renovated housing units across Wards 1, 2, 3, 5, 6, 7, and 8.
This bill authorizes the District of Columbia to issue up to $37.5 million in tax-exempt revenue bonds for the US Black Chambers Economic Development Corporation (USBC). The funds will finance acquiring and renovating specific properties in Ward 5, including the former BET headquarters at 1900 W Place, N.E., and adjacent parcels at 1301 W Street, N.E., 1235 W Street, N.E., and a parking lot. The bonds are structured as non-recourse to the District, meaning the District bears no financial liability or obligation for repayment, and the funds will directly support USBC's headquarters facility project. The resolution designates this as an emergency to expedite bond issuance and avoid delays in securing favorable market interest rates.
The Fair Taxation of Municipal Bonds Amendment Act of 2025 would maintain the tax exemption for interest earned on out-of-state municipal bonds purchased before January 1, 2025. This directly protects District of Columbia residents, particularly retirees on fixed incomes, who had relied on this exemption when making investment decisions. The bill amends the tax code to explicitly exclude interest from such pre-2025 bonds from taxable income calculations. This change prevents unexpected tax bills on bonds held under prior tax rules, aligning with similar approaches in other states like Utah.
