Question: He notes thaYou are working for a developer in Washington, D.C. that is bidding on a large mixed use development. While the bulk of the
He notes thaYou are working for a developer in Washington, D.C. that is bidding on a large mixed use development. While the bulk of the project will be financed by private sector sources, the project utilizes land owned by the District. The project will involve public subsidy in the form of D.C. tax exempt bond financing and block grant funding to support neighborhood revitalization and affordable housing for first-time homebuyers. The lead developer of this project will be selected by the office Deputy Mayor for Economic Development. In a meeting with staff from the Deputy Mayor's office to discuss this project, the chief of staff tells you that he would like to be supportive of your firm's bid on the project but he "is looking for a demonstration of your firm's financial commitment to the people of the District." He later mentions that he's on the Board of a D.C. nonprofit that provides training and leadership services to low-income youth in the District and asks if your firm would consider being a platinum supporter ($100,000) at the organization's annual fundraising gala. He notes that a number of other developers have supported this nonprofit in the past and they have been
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