00101577 —

Apr 21-0:20
Listing Began:

Description

Seller's Comments and Description:

NOTICE OF TELEPHONIC PUBLIC HEARING

WITH RESPECT TO PROPOSED REVENUE BOND FINANCING

BY THE DISTRICT OF COLUMBIA

9:30 A.M., April 29, 2026

800-320-6495; or Zoom at: https://zoom.us/join

Meeting ID: 996 0317 6927; Passcode: 580942

Notice is hereby given that the District of Columbia (the “District”) will hold a telephonic public hearing with respect to the proposed issuance by the District of its tax-exempt revenue bonds (in one or more series or issues, from time to time, pursuant to a plan of financing) in an aggregate principal amount not to exceed $460,000,000 (the “ 2026 Bonds”). The proceeds of the 2026 Bonds will be used to make a loan to Provident Group – Bison Properties Inc. (the “Borrower”). The loan will be used to finance, refinance or reimburse the Borrower for certain costs of:

(1) refunding the District of Columbia Revenue Bonds (Provident Group - Bison Properties Issue), Senior Series 2022A, originally issued in the aggregate principal amount of $225,000,000, District of Columbia Revenue Bonds (Provident Group - Bison Properties Issue), Subordinate Series 2022B-1, originally issued in the aggregate principal amount of $25,000,000, and District of Columbia Revenue Bonds (Provident Group - Bison Properties Issue), Subordinate Series 2022B-2, originally issued in the aggregate principal amount of $49,882,145.95 (collectively, the “2022 Bonds”), which were issued to finance the costs of: (A) the refunding the District of Columbia Refunding Revenue Bonds (Provident Group - Howard Axis and Quad Issue), Senior Series 2020A-1 (Taxable), originally issued in the aggregate principal amount of $2,900,000, the District of Columbia Refunding Revenue Bonds (Provident Group - Howard Axis and Quad Issue), Senior Series 2020A-2, originally issued in the aggregate principal amount of $61,225,000, and the District of Columbia Refunding Revenue Bonds (Provident Group - Howard Axis and Quad Issue), Subordinate Series 2020B, originally issued in the aggregate principal amount of $45,814,496 (collectively, the “2020 Bonds”), which were issued to finance the costs of: (aa) the refunding of the District of Columbia Revenue Bonds (Provident Group - Howard Center Issue), Senior Series 2018A-1 (Taxable), originally issued in the aggregate principal amount of $1,740,000, District of Columbia Revenue Bonds (Provident Group - Howard Center Issue), Senior Series 2018A-2, originally issued in the aggregate principal amount of $23,640,000, and District of Columbia Revenue Bonds (Provident Group - Howard Center Issue), Subordinate Series 2018B, originally issued in the aggregate principal amount of $7,795,000 (collectively, the “2018 Bonds”), the proceeds of which were used to finance or refinance a portion of the costs of (a) the acquisition from Howard University of long term leasehold interests in the site located at 2225 Georgia Avenue, NW, Washington, D.C., comprising approximately 19,769 square feet of land (the “Site”), and the use of the acquisition price by Howard University to finance a portion of its capital plan with respect to the facilities on its Main Campus (as defined below); (b) the renovation of the existing approximately 90,157 square feet building located on the Site into a mix of (i) approximately 165 dormitory and housing units, and (ii) functional meeting and event space to be utilized by Howard University; (c) the purchase of certain equipment and furnishings, all located at the Site, together with other property, real and personal, functionally related and subordinate thereto; (d) funding certain working capital costs, to the extent financeable; (e) funding any credit enhancement costs, liquidity costs or debt service reserve fund for the 2018 Bonds; and (f) paying Issuance Costs and other related costs to the extent permissible for the 2018 Bonds; (bb) the refunding of the District of Columbia Revenue Bonds (Provident Group - Harriet Tubman Quad Issue), Senior Series 2019A-1 (Taxable), originally issued in the aggregate principal amount of $730,000, District of Columbia Revenue Bonds (Provident Group - Harriet Tubman Quad Issue), Senior Series 2019A-2, originally issued in the aggregate principal amount of $43,735,000, and District of Columbia Revenue Bonds (Provident Group - Harriet Tubman Quad Issue), Subordinate Series 2019B, originally issued in the aggregate principal amount of $25,355,000 (collectively, the “2019 Bonds”), the proceeds of which were used to finance or refinance a portion of the costs, in an amount not expected to exceed $65,000,000, of (a) the acquisition from Howard University of long term leasehold interests in certain student dormitories known as Crandall Hall, Truth Hall, Wheatley Hall, Frazier Hall and Baldwin Hall, which comprise the Harriet Tubman Quadrangle on the Howard University’s campus, located at 2455 Fourth Street, NW and 2350 Fourth Street, NW, Washington D.C., 20059, and comprising approximately 294,813 square feet (the “Quad”), and the costs of modernizing, furnishing, equipping, financing, licensing, operating and maintaining the Quad; (b) funding certain working capital costs, to the extent financeable; (c) funding any credit enhancement costs, liquidity costs or debt service reserve fund for the 2019 Bonds; and (d) paying issuance costs and other related costs to the extent permissible for the 2019 Bonds; (cc) funding certain working capital costs or capitalized interest, to the extent financeable relating to the 2020 Bonds; (dd) funding any credit enhancement costs, termination fees, liquidity costs or debt service reserve fund for the 2020 Bonds; and (ee) paying issuance costs and other related costs to the extent permissible for the 2020 Bonds; (B) the acquisition from Howard University of long term leasehold interests in certain student dormitories known as East Tower Project, West Tower Project, Drew Hall and Cook Hall, located at 2251 Sherman Avenue, NW, Washington D.C.; 500 Harvard Street, NW, Washington D.C.; and 511 Fairmont Street, NW, Washington D.C. (the “Residence Halls”); (C) refinancing certain existing indebtedness, the proceeds of which were used to finance the costs of the design, engineering, renovation, management, operation and maintenance of the Residence Halls; (D) funding the costs of certain deferred maintenance and capital improvements, including life safety improvements, with respect to the Residence Halls; (E) funding the purchase of certain equipment and furnishings for the Residence Halls, together with other property, real and personal, functionally related and subordinate thereto; (F) funding certain working capital costs or capitalized interest, to the extent financeable; (G) funding any credit enhancement costs, termination fees, liquidity costs or debt service reserve fund; and (H) paying Issuance Costs and other related costs to the extent permissible for the Series 2022 Bonds.

(2) the acquisition from Howard University of long term leasehold interests in a student dormitory known as the Mary M. Bethune Annex, located at 2225 Fourth Street, NW, Washington D.C. (the “Bethune Annex”);

(3) funding the costs of certain deferred maintenance and capital improvements, including life safety improvements to the Bethune Annex and the Residence Halls (collectively, the “Howard Dormitories”);

(4) funding the purchase of certain equipment and furnishings for the Howard Dormitories, together with other property, real and personal, functionally related and subordinate thereto;

(5) funding certain working capital costs or capitalized interest, to the extent financeable;

(6) Funding interest on the 2026 Bonds and any credit enhancement costs, liquidity costs or debt service reserve fund relating to the 2026 Bonds; and

(7) paying Issuance Costs and other related costs to the extent permissible for the 2026 Bonds.

Howard University’s Main Campus has an official mailing address of 2400 6 th Street, NW, Washington, D.C. 20059. The boundaries for the Main Campus are as follows: beginning at Georgia Avenue and Gresham Place, the boundary line runs east to the western edge of 511 Gresham Place, north to Hobart Place, and continues east to 5 th Street. Here it turns south continuing along 5 th Street, past 4 th Street and Howard Place to the northern edge of a quadrangle of dormitories located on 4 th Street and runs behind the dorms until it reaches Bryant Street. The boundary line continues west to 4 th Street then runs south to W Street and then west to the church at 5 th and W Streets. It continues south along the church property to the alley paralleling V Street. From this point it runs east to 4 th Street. After running south on 4 th Street, to Oakdale Street, it runs west to vacant lots that face 4 th Street and then south along the rear of those properties to the middle of the block. At mid-block, it turns west to 5 th Street and then south past Elm Street to the alley beyond the Howard University Hospital site. It turns west for approximately 160 feet and then south to U Street. Here it turns west down U Street to Bohrer Street. At this intersection, it continues northwest to Georgia Avenue. The boundary line continues north on Georgia Avenue to V Street. Here it turns west and runs to 8 th Street. It continues north on 8 th Street for approximately 520 feet, and then westward across 9 th Street to Florida Avenue. The boundary follows Florida Avenue, NW to Sherman Avenue and Barry Place. Here it turns east again and runs out Barry Place to Georgia Avenue. The boundary line then runs north to Gresham Place.

Included in the boundaries are several satellite properties: The John Burr Gymnasium at 6th and Girard Streets, NW; the School of Business at 2600 6th Street, NW; the Alain Locke Hall at 2241 6th Street, NW; the Power Plant at 2240 6th Street, NW; and the Howard University Hospital at 2041 Georgia Avenue, NW

All of the facilities will be owned, operated and managed by the Borrower or Howard University or their agents. All of the facilities are being used by the Borrower and Howard University in connection with their educational purposes.

The 2026 Bonds will be special, limited obligations of the District payable from loan payments received from the Borrower and other amounts pledged therefor. The 2026 Bonds will not be a general obligation of the District and will not be a pledge of or involve the faith and credit or the taxing power of the District.

The virtual public hearing, which may be continued or adjourned, will be held at 9:30 a.m. on April 29, 2026, using the dial-in telephone number and access code or the Zoom meeting provided at the top of this notice. Persons who wish to present oral testimony at the telephonic hearing should provide their names, addresses and telephone numbers, as well as the organization they represent (if any), to William Liggins at (202) 812-6090. Please feel free to contact William Liggins at William.liggins@dc.gov to request a meeting invitation to the Zoom meeting. Each person presenting oral testimony will be limited to 4 minutes and should provide Mr. Liggins with 5 written copies of their testimony at, or prior to, the hearing. Persons wishing to submit only written testimony may submit their testimony by 5:00 p.m. on April 27, 2026, to: William Liggins, Office of the Deputy Mayor for Planning and Economic Development, D.C. Revenue Bond-Enterprise Zone Program, 1015 Half Street, SE, Suite 675, Washington, D.C. 20003 or email to William.liggins@dc.gov.

April 20th, 2026 Ad#101577





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