Name: Downtown Tax Increment Financing (TIF) areas

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Description: General info and delineations of all currently active TIF (Tax Increment Financing) and PILOT (Payment in Lieu of Taxes) projects in the District of Columbia.The Downtown TIF is a unique project that was established in 2001 to provide credit enhancement to the Mandarin Hotel (retired) and Gallery Place TIFs. The sales and commercial real property taxes collected within the Downtown TIF Area (minus certain carveouts) – known as the Available Increment – is used as a backstop for debt service payments for the following TIF and PILOT projects:- Verizon Center- O Street- Skyland Town Center- Southwest Waterfront/Wharf- Bryant Street- Union Market- Brookland Manor

Copyright Text: Office of the Chief Financial Officer

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Spatial Reference: 102100  (3857)

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