Description: Census tracts eligible for the Neighborhood Prosperity Fund (NPF), pursuant to DC Official Code §2-1225.21. METADATA CONTENT IS IN PROCESS OF VALIDATION AND SUBJECT TO CHANGE.
Description: The Opportunity Zone Program was created in the Tax Cuts and Jobs Act of 2017, Opportunity Zones is a new federal program that provides tax incentives for investments in new businesses and commercial projects in low-income communities. On April 20, Mayor Bowser nominated 25 census tracts to be Opportunity Zones. The U.S. Department of Treasury certified these tracts on May 18, 2018. Opportunity Zones will stay in place for 10 years. For more information, please vist https://dmped.dc.gov/page/opportunity-zones-washington-dc.
Name: Downtown Tax Increment Financing (TIF) areas
Display Field: NAME
Type: Feature Layer
Geometry Type: esriGeometryPolygon
Description: 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 – are used as a backstop for debt service payments for the following TIF and PILOT projects https://cfo.dc.gov/page/edf-unitVerizon CenterO StreetSkyland Town CenterSouthwest Waterfront/WharfBryant StreetUnion MarketBrookland Manor
Copyright Text: Office of the Chief Financial Officer