[DC GOVERNMENT] Submit DC OZ Projects

Deputy Mayor for Planning and Economic Development Opportunity Zone Project Form

Instructions:

If you are seeking an equity investment from a Qualified Opportunity Fund, submit the following information for your investment opportunity (i.e. real estate project or operating business). Projects that meet the following criteria will be added to the DC OZ marketplace (in development):

Project must be located in a DC Opportunity Zone (view the interactive map of eligible Census Tracts or enter your address on the map at oppzones.dc.gov)
Submission is complete
Project owner commits to sharing semi-annual updates

Please contact Katie.Baskett@dc.gov if you have any questions or difficulties completing the form.

Project Sponsor Information

2. Title

3. Organization

4. Phone Number

5. Email

Project Details

6. Project Name

7. Project Type (Real Estate or Business)

Site Control (real estate projects): Does the name or organization listed above have site control?

Yes

If not, please explain:

Real Estate Project Description

Does the entity seeking investment have a business license number?

Yes

Please enter the business license number

If company does not have an active business license number, please explain:

Business Project Description

8. Total Equity ($) Sought

9. Type of Qualified OZ property

10. Timeline for Completion and Upcoming Milestones:

12. Census Tract

13. If seeking a site, describe your desired location:

15. Other Relevant Information:

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Acknowledgements

A. In order to be included in the DC OZ marketplace, you must agree to provide semi-annual updates on the following topics:

Financing: OZ investment received ($); share of total financing.
Employment: Total FTEs; share that are District residents.
Project status.

I agree to provide semi-annual updates.

B. To be eligible for an OZ investment, a business or project cannot be operating as a “sin business” as defined by the Tax Cuts and Jobs Act of 2017 (e.g. a private or commercial golf course, a country club, a massage parlor, a hot tub facility, a racetrack, a gambling facility, a liquor store).

My business does not operate as a sin business.

How Project Aligns With District Priorities

The District of Columbia encourages OZ investments that support the following goals. Indicate which goal(s) your project addresses and how the project will achieve the selected goal(s). Select all that apply.

Goal: Increase the District’s affordable housing supply and homeownership opportunities.

My project addresses this goal.

If your project addresses this goal, please indicate how - check all that apply (affordable housing):

Project delivers a mixed-income building that exceeds Inclusionary Zoning requirements through the provision of additional units.

Project delivers a mixed-income building that exceeds Inclusionary Zoning requirements by providing deeper affordability.

Project provides permanent supportive housing.

Project provides affordable housing for seniors or grandfamilies.

Project provides affordable units with 2 bedrooms or more.

Project provides homeownership opportunities to families at or below 120% AMI.

Project will run or support a homebuyers club for residents from the neighborhood and Ward.

Other

If project doesn't align with one of above options, describe how it supports the goal of increasing the District's affordable housing supply and homeownership opportunities.

Goal: Provide new community amenities.

My project addresses this goal.

If your project addresses this goal, please indicate how - check all that apply (Community Amenities):

Project dedicates retail square footage to community-serving retail, such as household goods, coffee shops, or restaurants.

Project provides fresh food.

Other

If project doesn't align with one of above options, describe how it supports the goal of providing new community amenities.

Goal: Project will improve access to capital and growth opportunities for local DC Businesses

My project addresses this goal.

If your project addresses this goal, please indicate how - check all that apply (Opportunities for DC Businesses):

Project will sign certified business enterprise (CBE) contracting/sub-contracting agreement.

Project will commit contracting dollars to locally-owned, DC-headquartered businesses.

Project provides commercial space at no or reduced/capped cost to locally-owned, DC-headquartered commercial tenants.

Project will make growth capital available to companies led by underrepresented entrepreneurs.

Project will provide (via owners, managers and/or employees) pro bono technical assistance, advisory services or operational support (i.e. volunteering) to local, DC-headquartered businesses.

Other

If project doesn't align with one of above options, describe how it supports the goal of improving access to capital and growth opportunities for DC Businesses.

Goal: Create jobs and training opportunities for residents of Opportunity Zones.

My project addresses this goal.

If your project addresses this goal, please indicate how - check all that apply (Jobs and Training Opportunities):

Project will implement a local hiring program, and/or an apprenticeship or On the Job Training program in partnership with the DC government.

Project will offer quality jobs (i.e. at least living wage, benefits, predictive scheduling, career advancement opportunities and/or employee stock ownership options) and sign a First Source Agreement.

Project will employ DC residents certified as hard to employ.

Project will host Marion Barry Summer Youth Employment Program participants annually.

Project will participate (via owners, managers and/or employees) in the DCPS Adopt a School program in the tract in which the project is located.

Other

If project doesn't align with one of above options, describe how it supports the goal of creating jobs and training opportunities for residents of Opportunity Zones.