WASHINGTON – A $28 million bond transaction using a unique form of tax increment financing to raise funds for a development district in Prince Georges County, Md. recently won an award by Council of Development Finance Agencies.
The bonds, which won CDFA’s 2016 Excellence in Development Finance Project Award, were issued by the Revenue Authority of Prince George’s County in Maryland in April.
The bond proceeds are to be used to buy land, build infrastructure and encourage development in what project officials describe as a “blighted” section of the county roughly five miles southeast of Washington across the Anacostia River.
Click here to read the rest of the article written by Evan Fallor over at Bond Buyer