dmped

Office of the Deputy Mayor for Planning and Economic Development
 

DC Agency Top Menu


-A +A
Bookmark and Share

Tax Exempt Bond Financing - Industrial Revenue Bond Program


Friday, February 5, 2016

The Industrial Revenue Bond program (IRB) provides access to tax-exempt financing to help businesses and non-profit organizations renovate and build new construction, make tenant improvements, and purchase capital by securing interest rates up 4% lower than a traditional commercial loan.

IRB can be used to finance, refinance, and reimburse the costs of acquiring, constructing, restoring, rehabilitating, expanding, improving, equipping, or furnishing real property and related subordinate facilities. More than $9.5 billion has been issued through Washington, DC's IRB program since 1994.