DC Revenue Bond Program
DC Office of Deputy Mayor for Planning & Economic Development
Who can apply
Business, Nonprofit, Academic
About this opportunity
DC’s industrial revenue bond program (IRB) provides access to tax-exempt financing to help businesses and non-profit organizations renovate and build new construction, make tenant improvements, and purchase capital by securing interest rates up to 4% lower than a traditional commercial loan. IRB can be used to finance, refinance, and reimburse the costs of acquiring, constructing, restoring, rehabilitating, expanding, improving, equipping, or furnishing real property and related subordinate facilities. More than $11.5 billion has been issued through Washington, DC’s IRB program since 1994. Eligibility Non-profit organizations and manufacturing businesses locating within the District are generally eligible for the IRB program. Other businesses may be eligible as well depending on the type o...