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

This bill authorizes the District of Columbia to issue up to $88 million in tax-exempt revenue bonds for National Community Reinvestment Coalition, Inc. (a nonprofit organization). The funds will refinance existing debt used to build and equip a 22-unit office building at 740 15th Street, N.W. (175,508 square feet), avoiding future financial market delays. The bonds are non-recourse to the District, meaning the District won't be liable if the nonprofit can't repay them. The resolution is framed as an emergency to expedite the bond sale and secure favorable interest rates.