Developers with Development Projects Funded by DC Government Subsidies
Developers that enter into CBE Agreements with the District on private projects are required to subcontract at least 35 percent of the project’s adjusted budget to CBEs. In total, DSLBD’s mandate includes eight (8) compliance and enforcement programs (see Figure 2), which include monitoring over 80 District Government agencies which account for nearly $300 million in projected operating expenditures with CBEs; 32 District Government agencies which account for over $5 billion in capital projects (SBE goal undetermined due to the lack of capacity), over 150 District-sponsored projects which account for over $1 billion in projected expenditures with CBEs; nearly 100 JVs and CBE investigations.
There are four (4) developer project compliance areas monitored by DSLBD :
- Development CBE Utilization Compliance
- CBE Equity Participation Compliance Program for Development Projects
- CBE Development Participation Compliance Program for Development Projects
- Joint Venture Program Compliance
SBE Forms and Instructions
- Instructions for Compliance Reporting
- SBE Subcontracting Statutory Requirements Acknowledgment Form
- SBE Subcontracting Plan
- SBE Utilization Acknowledgement Form with Equity and Development Requirements
- Quarterly Report-Multiplier
- Equity Development Participation Quarterly Report (New Law)
- Vendor Verification Form Template
- Outreach Activities-CONSTRUCTION
An individual or business entity seeking to develop or purchase District government-funded or assisted property or land, must enter into an agreement with the city to become partners in providing business opportunities to local firms certified through the Department of Small and Local Business Development (DSLBD). These agreements, or CBE Agreements, are executed by the DSLBD and are monitored to determine the achievement of 35 percent CBE utilization over the life of the project's construction.
Once an agreement has been executed, the developer or purchaser is required to report to the DSLBD and to the Office of the District of Columbia Auditor on a quarterly basis beginning the quarter following the execution of the CBE Agreement.
If you received funding or funding assistance from the District of Columbia government and require a CBE Agreement, begin by contacting the department's general counsel.
DC Government Business Incentives and Programs for Growth
DC Government Subsidy Program | Agency to Submit Request To | Program Description |
---|---|---|
Planned Unit Development (PUD) | Department of Zoning (DCOZ) | Special multi-purpose projects allows a developer greater flexibility in site planning and building design |
Property Disposition Agreement (PDA) | Department of Housing and Community Development (DHCD) | District sells to a Developer a property at cost. |
Property Acquisition and Disposition Division (PADD) | Department of Housing and Community Development (DHCD) | Properties auctioned often include single family homes, multi-family buildings, and vacant lots and included properties located in each quadrant of the District. |
Industrial Revenue Bond (IRB) [PDF] | Deputy Mayor for Planning and Economic Development (DMPED) | Provides access to tax-exempt financing to help businesses and non-profit organizations renovate and build new construction, make tenant improvements, and purchase capital. |
Neighborhood Investment Fund Predevelopment Grant and Project Grant (NIF) | Deputy Mayor for Planning and Economic Development (DMPED) | Provides grants to support predevelopment and project financing activity for the construction and rehabilitation of affordable housing, mixed use and community-based facility projects in one of 12 Neighborhood Investment Fund (NIF) target neighborhoods. |
Tax Increment Financing (TIF) | Office of the Chief Financial Officer and Deputy Mayor for Planning and Economic Development [(OCFO) and (DMPED)] | Allows the District government to sell bonds backed by a development's future taxes, while the bond money helps pay the developer's construction costs. TIF is not a loan; the development's taxes, which would already have to be paid, are used to pay back the principal and interest on the bonds. |