District of ColumbiaPR26-0250Council Period 26 (2025-2026)HouseWALLET

National Community Reinvestment Coalition, Inc., Revenue Bonds Project Emergency Declaration Resolution of 2025

Sponsored By: Phil Mendelson (Democratic)

Became Law

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

DC authorizes $88 million bonds for nonprofit

The District authorizes issuing, selling, and delivering up to $88 million in revenue bonds. The District loans the bond money to the National Community Reinvestment Coalition, a DC nonprofit. The funds can refinance the 2018A and 2018B bonds tied to 740 15th Street NW and pay project costs. Allowed uses include credit enhancement, liquidity, capitalized interest, a debt service reserve, and issuance costs. This emergency action speeds issuance amid market uncertainty and takes effect immediately.

Sponsors & Cosponsors

Sponsor

Phil Mendelson
Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 12 • No: 0

House vote • 7/1/2025

Final Reading