Mission
EDF advises the 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.
Functions
• Provides analysis of fiscal, economic 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, including the Washington Nationals Baseball Stadium, the Convention Center Headquarters Hotel, and a number of large-scale mixed use developments.
Key Activities
• Information on TIFs, PILOTs and Tax Abatements
• Guidance for Parties Seeking Tax Increment Financing
• Submission Requirements for Parties Seeking a New Real Property Tax Abatement or Exemption
-- Released Tax Abatement Financial Analyses
• Submission Requirements for a Financial Analysis of Affordable Housing Requirements Waiver
-- Released Financial Analysis of Affordable Housing Requirements Waiver
• Unified Economic Development Reports
Biographies of Key Staff
Senior Advisor and Director: Wharton Berger
Deputy Director:
Senior Policy Analyst: Sarah Goss
Senior Policy Analyst: Nate Cruz
Senior Policy Analyst: Nancy Fox
Policy Analyst:
Contact Information
1101 4th St SW Suite 772,
Washington, DC 20024
Telephone: (202) 727-9635