(To read more on the debt and equity markets, click here.)
WASHINGTON, DC-The Office of the Deputy Mayor for Planning andEconomic Development will hold a series of meetings to discuss thepotential for four neighborhood tax incremental financings (TIF)subdistricts under its Great Streets Initiative.
A year-and-a-half old, this initiative aims to redevelop"transitional" or underinvested neighborhoods in the District.Financing is backed by investments by the federal government ofabout $200 million and by the local government of about $116million. Great Streets is widely seen as instrumental inredeveloping the H Street Corridor, for instance, through the useof gap financing on planned projects, site acquisition, propertytax abatements and zoning.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
