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WASHINGTON, DC-The Office of the Deputy Mayor for Planning and Economic Development will hold a series of meetings to discuss the potential 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 of about $200 million and by the local government of about $116 million. Great Streets is widely seen as instrumental in redeveloping the H Street Corridor, for instance, through the use of gap financing on planned projects, site acquisition, property tax abatements and zoning.

TIF is another tool the District hopes to utilize more with the next wave of investments. Throughout the month of September, Office of the Deputy Mayor for Planning and Economic Development will hold four meetings to provide an overview of TIF as well as technical analysis about the estimated potential revenue streams for each respective TIF subdistrict.

The schedule of events include:


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