Office of Economic Development Finance

Function

The Office of Economic Development Finance (EDF) advises the Chief Financial Officer (CFO) on all tax increment financing (TIF) and payment-in-lieu-of-taxes (PILOT) financing deals entered into by the District, as well as a variety of other real-estate and debt transactions.  Additionally, EDF’s analyses of proposed economic development initiatives assist the Mayor, Deputy Mayor for Planning and Economic Development, and the Council to ensure the least financial risk to the District.  EDF is involved with structuring District-supported financing of many of the major economic development projects in the city, including the Convention Center's Headquarters Hotel, Great Streets TIF areas, redevelopment along the Anacostia and Southwest waterfronts, and the Washington Nationals Baseball Stadium, among others.

Key Responsibilities

• Provides analysis of fiscal, financial, and, administrative impacts of proposed projects to the CFO, Mayor, Deputy Mayor for Planning and Economic Development, and the Council so they can appropriately assess proposed economic development initiatives with a view toward ensuring economic development in the District.
• Examines the financing of many of the major economic development projects in the District.  This has included the Washington Nationals Baseball Stadium, the Convention Center Headquarters Hotel, and a number of large-scale mixed use developments.
• Advises the CFO on TIF and PILOT financing deals entered into by the District and analyzes projects requesting tax abatements or exemptions
  Further information on each program: Summaries of TIF, Retail TIF, PILOT, and TAFA
  TAFA submission requirements: Submission Requirements for Parties Seeking a New Real Property Tax Abatement or Exemption.
  Completed TAFAs: Released TAFAs To Date.
• Provides recommendations to the Council to accompany economic development-related legislation.
• Represents the OCFO on the boards of Events DC and Destination DC.

More Information

• Biographies of Director and Staff
• Current Map of EDF Financing Projects [PDF]
• Unified Economic Development Reports

Summaries of TIF, Retail TIF, PILOT, and TAFA

• Information on TIFs, PILOTs and Tax Abatements  [PDF]
• TAFA submission requirements: Submission Requirements for Parties Seeking a New Real Property Tax Abatement or Exemption [PDF]
• Released TAFAs to date

Projects Financed in the District

• International Spy Museum
• Gallery Place
• Mandarin Oriental Hotel
• Embassy Hotel
• Capitol Hill Tower
• DC USA
• H&M
• Nationals Ballpark
• Shakespeare Theatre Harmon Center for the Arts
• Verizon Center
• DOT
• Crime and Punishment Museum
• Madame Tussauds
• Zara
• Arena Stage
• CVS
• Capper Carrollsburg
• Convention Center Hotel
• Forever 21
• Rhode Island Place
• Ft. Lincoln Retail (Shops at Dakota Crossing)
• Howard Theatre
• The Hamilton
• City Market at O Street
• The Wharf
• The Yards (Southeast Federal Center)
• Skyland Town Center

Contact Us

1101 4th St SW Suite 772,
Washington, DC 20024
Telephone: (202) 727-9635 

Related sites

• Office of the Deputy Mayor for Planning and Economic Development
• The Council of the District of Columbia