Downtown Tax Increment Financing Area

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-unit

• Verizon Center
• O Street
• Skyland Town Center
• Southwest Waterfront/Wharf
• Bryant Street
• Union Market
• Brookland Manor
  Organization: District of Columbia
  Last updated: 2024-08-13T19:39:22.765768
  Tags: dc, district-of-columbia, economic-development, ocfo, payment-in-lieu-of-taxes, real-estate, tax-increment-financing, tif, washington-dc