Back to District of Columbia

PR26-0670 • 2025

Food & Friends, Inc., Revenue Bonds Project Approval Resolution of 2026

Food & Friends, Inc., Revenue Bonds Project Approval Resolution of 2026

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
at the request of the Mayor
Last action
2026-06-02
Official status
Under Council Review
Effective date
Not listed

Plain English Breakdown

The official source material does not provide specific details on how bond proceeds will be allocated among different parts of the project, nor does it specify a timeline for issuance.

Food & Friends Revenue Bonds Project Approval

This resolution allows the issuance of up to $15 million in revenue bonds for Food & Friends, Inc. to finance, refinance, or reimburse costs related to renovating and expanding their headquarters and food preparation facility.

What This Bill Does

  • Allows the Mayor to issue up to $15 million in revenue bonds for Food & Friends, Inc.
  • Uses bond proceeds to finance, refinance, or reimburse costs for renovations, expansions, and constructions of Food & Friends' facilities.
  • Specifies that these bonds are not a general obligation of the District of Columbia and do not involve its full faith and credit.

Who It Names or Affects

  • Food & Friends, Inc., which will receive funding from bond proceeds.
  • The Mayor and other officials involved in issuing the bonds.

Terms To Know

Revenue Bonds
Bonds issued to raise money for specific projects, with interest and principal payments coming from revenue generated by the project.
Project
The renovation, expansion, and construction of Food & Friends' headquarters and food preparation facility.

Limits and Unknowns

  • It is unclear how much of the $15 million will be used for each part of the project.
  • The resolution does not specify when or if the bonds will actually be issued.

Bill History

  1. 2026-06-02 Council of the District of Columbia LIMS

    Committee Mark-up of PR26-0670 by the Committee of the Whole

  2. 2026-05-28 Council of the District of Columbia LIMS

    Notice of Mark-up filed in the Office of Secretary

  3. 2026-05-14 Council of the District of Columbia LIMS

    Roundtable on PR26-0670

  4. 2026-05-11 Council of the District of Columbia LIMS

    Revised Notice of Roundtable filed in the Office of Secretary by Committee of the Whole

  5. 2026-05-08 Council of the District of Columbia LIMS

    Notice of Public Hearing Published in the District of Columbia Register

  6. 2026-05-05 Council of the District of Columbia LIMS

    Referred to Committee of the Whole

  7. 2026-05-04 Council of the District of Columbia LIMS

    Notice of Public Hearing filed in the Office of Secretary by Committee of the Whole

  8. 2026-05-01 Council of the District of Columbia LIMS

    Notice of Intent to Act on PR26-0670 Published in the District of Columbia Register

  9. 2026-04-23 Council of the District of Columbia LIMS

    PR26-0670 Introduced by Chairman Mendelson at Office of the Secretary

Official Summary Text

Food & Friends, Inc., Revenue Bonds Project Approval Resolution of 2026

Current Bill Text

Read the full stored bill text
MURIEL BOWSER
MAYOR

April 23, 2026

The Honorable Phil Mendelson
Chairman
Council of the District of Columbia
John A. Wilson Building
1350 Pennsylvania Avenue, NW, Suite 504
Washington, DC 20004

Dear Chairman Mendelson:

Enclosed for consideration and adoption by the Council of the District of Columbia is a proposed
resolution titled “Food & Friends, Inc., Revenue Bonds Project Approval Resolution of 2026”.

The resolution authorizes the issuance, sale, and delivery of tax-exempt revenue bonds, notes, or
other obligations in an aggregate principal amount not to exceed $15,000,000. The bonds will be
used to finance, refinance, or reimburse all or a portion of costs incurred in connection with the
renovation, expansion, and construction of Food & Friend’s headquarters and food preparation
facility located at 219 Riggs Road, NE.

In accordance with section 490 of the Home Rule Act, it has been determined that the bonds,
when, as, and if issued, shall be without recourse to the District. The bonds shall not be general
obligations of the District; shall not be a pledge of or involve the full faith and credit or the
taxing power of the District; shall not constitute a debt of the District; and shall not constitute a
lending of public credit for a private undertaking as prohibited in section 602(a)(2) of the Home
Rule Act. The bonds shall not give rise to any pecuniary liability of the District, and the District
shall have no obligation with respect to the purchase of the bonds.

I urge the Council to take prompt and favorable action on the enclosed measure.

Sincerely,

Muriel Bowser

Enclosure

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
~lf:c-
at the request of the Mayor
A PROPOSED RESOLUTION
IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
To authorize and provide for the issuance, sale, and delivery in an aggregate principal amount not to
exceed $15 million of District of Columbia revenue bonds in one or more series and to
authorize and provide for the loan of the proceeds of such bonds to assist Food & Friends,
Inc.,, in the financing, refinancing, or reimbursing of costs associated with an authorized
project pursuant to section 490 of the District of Columbia Home Rule Act.
RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this
resolution may be cited as the "Food & Friends, Inc., Revenue Bonds Project Approval
Resolution of 2026".
Sec. 2. Definitions.
For the purpose of this resolution, the term:
(1) "Authorized Delegate" means the Mayor or the Deputy Mayor for Planning and
Economic Development, or any officer or employee of the Executive Office of the Mayor to
whom the Mayor has delegated or to whom the foregoing individuals have subdelegated any of
the Mayor's functions under this resolution pursuant to section 422(6) of the Home Rule Act.
(2) "Bond Counsel" means a firm or firms of attorneys designated as bond counsel from
time to time by the Mayor.

(3) “Bonds” means the District of Columbia revenue bonds, notes, or other obligations 32
(including refunding bonds, notes, and other obligations), in one or more series, authorized to be 33
issued pursuant to this resolution. 34
(4) “Borrower” means the owner of the assets financed, refinanced, or reimbursed with 35
proceeds from the Bonds, which shall be Food & Friends, Inc., a nonprofit corporation organized 36
and existing under the laws of the District of Columbia, qualified to do business in the District of 37
Columbia, and exempt from federal income taxes under 26 U.S.C. § Section 501(a) as an 38
organization described in 26 U.S.C. § 501(c)(3). 39
(5) “Chairman” means the Chairman of the Council of the District of Columbia. 40
(6) “Closing Documents” means all documents and agreements other than Financing 41
Documents that may be necessary and appropriate to issue, sell, and deliver the Bonds and to 42
make the Loan, and includes agreements, certificates, letters, opinions, forms, receipts, and other 43
similar instruments. 44
(7) “District” means the District of Columbia. 45
(8) “Financing Documents” means the documents other than Closing Documents that 46
relate to the financing, refinancing, or reimbursement of transactions to be effected through the 47
issuance, sale, and delivery of the Bonds and the making of the Loan, including any offering 48
document, and any required supplements to any such documents. 49
(9) “Home Rule Act” means the District of Columbia Home Rule Act, approved 50
December 24, 1973 (87 Stat. 774; D.C. Official Code § 1-201.01 et seq.). 51
(10) “Issuance Costs” means all fees, costs, charges, and expenses paid or incurred in 52
connection with the authorization, preparation, printing, issuance, sale, and delivery of the Bonds 53
and the making of the Loan, including, but not limited to, underwriting, legal, accounting, rating 54

agency, and all other fees, costs, charges, and expenses incurred in connection with the 55
development and implementation of the Financing Documents, the Closing Documents, and 56
those other documents necessary or appropriate in connection with the authorization, 57
preparation, printing, issuance, sale, marketing, and delivery of the Bonds and the making of the 58
Loan, together with financing fees, costs, and expenses, including program fees and 59
administrative fees charged by the District, fees paid to financial institutions and insurance 60
companies, initial letter of credit fees (if any), compensation to financial advisors and other 61
persons (other than full-time employees of the District) and entities performing services on 62
behalf of or as agents for the District. 63
(11) “Loan” means the District’s lending of proceeds from the sale, in one or more series, 64
of the Bonds to the Borrower. 65
(12) “Project” means the financing, refinancing, or reimbursing of the Borrower for all or 66
a portion of the Borrower’s costs incurred in connection with: 67
(A)(i) The costs of the renovation, expansion, and construction of the Borrower’s 68
headquarters and food preparation facility located at 219 Riggs Road, N.E., Washington, D.C. 69
(Square 3766, Lot 0005) (the “Facility”); 70
(ii) The purchase of certain equipment and furnishings for the Facility, 71
together with other property, real and personal, functionally related and subordinate thereto; 72
(iii) Funding any credit enhancement costs, liquidity costs or debt service 73
reserve fund relating to the Bonds; and 74
(B) The funding of certain Issuance Costs. 75
Sec. 3. Findings. 76
The Council finds that: 77

(1) Section 490 of the Home Rule Act provides that the Council may by resolution 78
authorize the issuance of District revenue bonds, notes, or other obligations (including refunding 79
bonds, notes, or other obligations) to borrow money to finance, refinance, or reimburse costs, 80
and to assist in the financing, refinancing, or reimbursing of the costs of undertakings in certain 81
areas designated in section 490 and may effect the financing, refinancing, or reimbursement by 82
loans made directly or indirectly to any individual or legal entity, by the purchase of any 83
mortgage, note, or other security, or by the purchase, lease, or sale of any property. 84
(2) The Borrower has requested the District to issue, sell, and deliver revenue bonds, in 85
one or more series, in an aggregate principal amount not to exceed $15 million and to make the 86
Loan for the purpose of financing, refinancing, or reimbursing costs of the Project. 87
(3) The Project is located in the District and will contribute to the health, education, 88
safety, or welfare of, or the creation or preservation of jobs for, residents of the District, or to the 89
economic development of the District. 90
(4) The Project is an undertaking in the area of commercial development within the 91
meaning of section 490 of the Home Rule Act. 92
(5) The authorization, issuance, sale, and delivery of the Bonds and the Loan to the 93
Borrower are desirable, are in the public interest, will promote the purpose and intent of section 94
490 of the Home Rule Act, and will assist the Project. 95
Sec. 4. Bond authorization. 96
(a) The Mayor is authorized pursuant to the Home Rule Act and this resolution to assist 97
in financing, refinancing, or reimbursing the costs of the Project by: 98
(1) The issuance, sale, and delivery of the Bonds, in one or more series, in an 99
aggregate principal amount not to exceed $15 million; and 100

(2) The making of the Loan. 101
(b) The Mayor is authorized to make the Loan to the Borrower for the purpose of 102
financing, refinancing, or reimbursing the costs of the Project and establishing any fund with 103
respect to the Bonds as required by the Financing Documents. 104
(c) The Mayor may charge a program fee to the Borrower, including, but not limited to, 105
an amount sufficient to cover costs and expenses incurred by the District in connection with the 106
issuance, sale, and delivery of each series of the Bonds, the District’s participation in the 107
monitoring of the use of the Bond proceeds and compliance with any public benefit agreements 108
with the District, and maintaining official records of each bond transaction and assisting in the 109
redemption, repurchase, and remarketing of the Bonds. 110
(d) The Bond authorization set forth in this resolution includes the authorization to issue 111
refunding Bonds to refinance any Bonds previously issued under this resolution to finance the 112
Project; provided, that the maximum principal amount of Bonds outstanding at any time does not 113
exceed the maximum principal amount of Bonds authorized hereunder. 114
Sec. 5. Bond details. 115
(a) The Mayor and each Authorized Delegate is authorized to take any action reasonably 116
necessary or appropriate in accordance with this resolution in connection with the preparation, 117
execution, issuance, sale, delivery, security for, and payment of the Bonds of each series, 118
including, but not limited to, determinations of: 119
(1) The final form, content, designation, and terms of the Bonds, including a 120
determination that the Bonds may be issued in certificated or book-entry form; 121
(2) The principal amount of the Bonds to be issued and denominations of the 122
Bonds; 123

(3) The rate or rates of interest or the method for determining the rate or rates of 124
interest on the Bonds; 125
(4) The date or dates of issuance, sale, and delivery of, and the payment of interest 126
on the Bonds, and the maturity date or dates of the Bonds; 127
(5) The terms under which the Bonds may be paid, optionally or mandatorily 128
redeemed, accelerated, tendered, called, or put for redemption, repurchase, or remarketing before 129
their respective stated maturities; 130
(6) Provisions for the registration, transfer, and exchange of the Bonds and the 131
replacement of mutilated, lost, stolen, or destroyed Bonds; 132
(7) The creation of any reserve fund, sinking fund, or other fund with respect to 133
the Bonds; 134
(8) The time and place of payment of the Bonds; 135
(9) Procedures for monitoring the use of the proceeds received from the sale of 136
the Bonds to ensure that the proceeds are properly applied to the Project and used to accomplish 137
the purposes of the Home Rule Act and this resolution; 138
(10) Actions necessary to qualify the Bonds under blue sky laws of any 139
jurisdiction where the Bonds are marketed; and 140
(11) The terms and types of credit enhancement, if any, under which the Bonds 141
may be secured. 142
(b) The Bonds shall contain a legend, which shall provide that the Bonds are special 143
obligations of the District, are without recourse to the District, are not a pledge of, and do not 144
involve the faith and credit or the taxing power of the District, do not constitute a debt of the 145

District, and do not constitute lending of the public credit for private undertakings as prohibited 146
in section 602(a)(2) of the Home Rule Act. 147
(c) The Bonds shall be executed in the name of the District and on its behalf by the 148
manual or facsimile signature of the Mayor, and attested by the Secretary of State of the District 149
of Columbia by the Secretary of State of the District of Columbia’s manual or facsimile 150
signature. The Mayor’s execution and delivery of the Bonds shall constitute conclusive evidence 151
of the Mayor’s approval, on behalf of the District, of the final form and content of the Bonds. 152
(d) The official seal of the District, or a facsimile of it, shall be impressed, printed, or 153
otherwise reproduced on the Bonds. 154
(e) The Bonds of any series may be issued in accordance with the terms of a trust 155
instrument to be entered into by the District and a trustee to be selected by the Borrower subject 156
to the approval of the Mayor, and may be subject to the terms of one or more agreements entered 157
into by the Mayor pursuant to section 490(a)(4) of the Home Rule Act. 158
(f) The Bonds may be issued at any time or from time to time in one or more issues and 159
in one or more series. 160
Sec. 6. Sale of the Bonds. 161
(a) The Bonds of any series may be sold at negotiated or competitive sale at, above, or 162
below par, to one or more persons or entities, and upon terms that the Mayor considers to be in 163
the best interest of the District. 164
(b) The Mayor or an Authorized Delegate may execute, in connection with each sale of 165
the Bonds, offering documents on behalf of the District, may deem final any such offering 166
document on behalf of the District for purposes of compliance with federal laws and regulations 167

governing such matters and may authorize the distribution of the documents in connection with 168
the sale of the Bonds. 169
(c) The Mayor is authorized to deliver the executed and sealed Bonds, on behalf of the 170
District, for authentication, and, after the Bonds have been authenticated, to deliver the Bonds to 171
the original purchasers of the Bonds upon payment of the purchase price. 172
(d) The Bonds shall not be issued until the Mayor receives an approving opinion from 173
Bond Counsel as to the validity of the Bonds of such series and, if the interest on the Bonds is 174
expected to be exempt from federal income taxation, the treatment of the interest on the Bonds 175
for purposes of federal income taxation. 176
Sec. 7. Payment and security. 177
(a) The principal of, premium, if any, and interest on, the Bonds shall be payable solely 178
from proceeds received from the sale of the Bonds, income realized from the temporary 179
investment of those proceeds, receipts and revenues realized by the District from the Loan, 180
income realized from the temporary investment of those receipts and revenues prior to payment 181
to the Bond owners, other moneys that, as provided in the Financing Documents, may be made 182
available to the District for the payment of the Bonds, and other sources of payment (other than 183
from the District), all as provided for in the Financing Documents. 184
(b) Payment of the Bonds shall be secured as provided in the Financing Documents and 185
by an assignment by the District for the benefit of the Bond owners of certain of its rights under 186
the Financing Documents and Closing Documents, including a security interest in certain 187
collateral, if any, to the trustee for the Bonds pursuant to the Financing Documents. 188
(c) The trustee is authorized to deposit, invest, and disburse the proceeds received from 189
the sale of the Bonds pursuant to the Financing Documents. 190

Sec. 8. Financing and Closing Documents. 191
(a) The Mayor is authorized to prescribe the final form and content of all Financing 192
Documents and all Closing Documents to which the District is a party that may be necessary or 193
appropriate to issue, sell, and deliver the Bonds and to make the Loan to the Borrower. Each of 194
the Financing Documents and each of the Closing Documents to which the District is not a party 195
shall be approved, as to form and content, by the Mayor. 196
(b) The Mayor is authorized to execute, in the name of the District and on its behalf, the 197
Financing Documents and any Closing Documents to which the District is a party by the 198
Mayor’s manual or facsimile signature. 199
(c) If required, the official seal of the District, or a facsimile of it, shall be impressed, 200
printed, or otherwise reproduced on the Financing Documents and the Closing Documents to 201
which the District is a party. 202
(d) The Mayor’s execution and delivery of the Financing Documents and the Closing 203
Documents to which the District is a party shall constitute conclusive evidence of the Mayor’s 204
approval, on behalf of the District, of the final form and content of said executed Financing 205
Documents and said executed Closing Documents. 206
(e) The Mayor is authorized to deliver the executed and sealed Financing Documents and 207
Closing Documents, on behalf of the District, prior to or simultaneously with the issuance, sale, 208
and delivery of the Bonds, and to ensure the due performance of the obligations of the District 209
contained in the executed, sealed, and delivered Financing Documents and Closing Documents. 210
Sec. 9. Authorized delegation of authority. 211

To the extent permitted by District and federal laws, the Mayor may delegate to any 212
Authorized Delegate the performance of any function authorized to be performed by the Mayor 213
under this resolution. 214
Sec. 10. Limited liability. 215
(a) The Bonds shall be special obligations of the District. The Bonds shall be without 216
recourse to the District. The Bonds shall not be general obligations of the District, shall not be a 217
pledge of or involve the faith and credit or the taxing power of the District, shall not constitute a 218
debt of the District, and shall not constitute lending of the public credit for private undertakings 219
as prohibited in section 602(a)(2) of the Home Rule Act. 220
(b) The Bonds shall not give rise to any pecuniary liability of the District and the District 221
shall have no obligation with respect to the purchase of the Bonds. 222
(c) Nothing contained in the Bonds, in the Financing Documents, or in the Closing 223
Documents shall create an obligation on the part of the District to make payments with respect to 224
the Bonds from sources other than those listed for that purpose in section 7. 225
(d) The District shall have no liability for the payment of any Issuance Costs or for any 226
transaction or event to be effected by the Financing Documents. 227
(e) All covenants, obligations, and agreements of the District contained in this resolution, 228
the Bonds, and the executed, sealed, and delivered Financing Documents and Closing 229
Documents to which the District is a party, shall be considered to be the covenants, obligations, 230
and agreements of the District to the fullest extent authorized by law, and each of those 231
covenants, obligations, and agreements shall be binding upon the District, subject to the 232
limitations set forth in this resolution. 233

(f) No person, including, but not limited to, the Borrower and any Bond owner, shall have 234
any claims against the District or any of its elected or appointed officials, officers, employees, or 235
agents for monetary damages suffered as a result of the failure of the District or any of its elected 236
or appointed officials, officers, employees, or agents to perform any covenant, undertaking, or 237
obligation under this resolution, the Bonds, the Financing Documents, or the Closing 238
Documents, or as a result of the incorrectness of any representation in or omission from the 239
Financing Documents or the Closing Documents, unless the District or its elected or appointed 240
officials, officers, employees, or agents have acted in a willful and fraudulent manner. 241
Sec. 11. District officials. 242
(a) Except as otherwise provided in section 10(f), the elected or appointed officials, 243
officers, employees, or agents of the District shall not be liable personally for the payment of the 244
Bonds or be subject to any personal liability by reason of the issuance, sale or delivery of the 245
Bonds, or for any representations, warranties, covenants, obligations, or agreements of the 246
District contained in this resolution, the Bonds, the Financing Documents, or the Closing 247
Documents. 248
(b) The signature, countersignature, facsimile signature, or facsimile countersignature of 249
any official appearing on the Bonds, the Financing Documents, or the Closing Documents shall 250
be valid and sufficient for all purposes notwithstanding the fact that the individual signatory 251
ceases to hold that office before delivery of the Bonds, the Financing Documents, or the Closing 252
Documents. 253
Sec. 12. Maintenance of documents. 254
Copies of the specimen Bonds and of the final Financing Documents and Closing 255
Documents shall be filed in the Office of the Secretary of State of the District of Columbia. 256

Sec. 13. Information reporting. 257
Within 3 days after the Mayor’s receipt of the transcript of proceedings relating to the 258
issuance of the Bonds, the Mayor shall transmit a copy of the transcript to the Secretary to the 259
Council. 260
Sec. 14. Disclaimer. 261
(a) The issuance of Bonds is in the discretion of the District. Nothing contained in this 262
resolution, the Bonds, the Financing Documents, or the Closing Documents shall be construed as 263
obligating the District to issue any Bonds for the benefit of the Borrower or to participate in or 264
assist the Borrower in any way with financing, refinancing, or reimbursing the costs of the 265
Project. The Borrower shall have no claims for damages or for any other legal or equitable relief 266
against the District, its elected or appointed officials, officers, employees, or agents as a 267
consequence of any failure to issue any Bonds for the benefit of the Borrower. 268
(b) The District reserves the right to issue the Bonds in the order or priority it determines 269
in its sole and absolute discretion. The District gives no assurance and makes no representations 270
that any portion of any limited amount of bonds or other obligations, the interest on which is 271
excludable from gross income for federal income tax purposes, will be reserved or will be 272
available at the time of the proposed issuance of the Bonds. 273
(c) The District, by adopting this resolution or by taking any other action in connection 274
with financing, refinancing, or reimbursing costs of the Project, does not provide any assurance 275
that the Project is viable or sound, that the Borrower is financially sound, or that amounts owing 276
on the Bonds or pursuant to the Loan will be paid. Neither the Borrower, any purchaser of the 277
Bonds, nor any other person shall rely upon the District with respect to these matters. 278
Sec. 15. Expiration. 279

If any Bonds are not issued, sold, and delivered to the original purchaser within 3 years of 280
the date of this resolution, the authorization provided in this resolution with respect to the 281
issuance, sale, and delivery of the Bonds shall expire. 282
Sec. 16. Severability. 283
If any particular provision of this resolution or the application thereof to any person or 284
circumstance is held invalid, the remainder of this resolution and the application of such 285
provision to other persons or circumstances shall not be affected thereby. If any action or 286
inaction contemplated under this resolution is determined to be contrary to the requirements of 287
applicable law, such action or inaction shall not be necessary for the purpose of issuing of the 288
Bonds, and the validity of the Bonds shall not be adversely affected. 289
Sec. 17. Compliance with public approval requirement. 290
This approval shall constitute the approval of the Council as required in section 147 (f) of 291
the Internal Revenue Code of 1986, as amended, and section 490(k) of the Home Rule Act, for 292
the Project to be financed, refinanced, or reimbursed with the proceeds of the Bonds. This 293
resolution approving the issuance of the Bonds for the Project has been adopted by the Council 294
after a public hearing held in accordance with section 147(f) of the Code, as such section may be 295
amended, and the corresponding regulations promulgated by the United States Department of the 296
Treasury. 297
Sec. 18. Transmittal. 298
The Council shall transmit a copy of this resolution, upon its adoption, to the Mayor. 299
Sec. 19. Fiscal impact statement. 300

The Council adopts the fiscal impact statement in the committee report as the fiscal 301
impact statement required by section 4a of the General Legislative Procedures Act of 1975, 302
approved October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a). 303
Sec. 20. Effective date. 304
This resolution shall take effect immediately. 305
Food & Friends, Inc.
Revenue Bond

FACT SHEET

Food & Friends, Inc. (“Food & Friends”) has requested that the District issue up to $15,000,000
of revenue bonds to finance renovations and new construction associated with their campus
located at 219 Riggs Road, NE, in Ward 5.

The Applicant

Food & Friends started in 1989 as a non-profit community-based organization providing home-
delivered medically tailored meals, medically tailored groceries, and medical nutrition therapy to
neighbors living with cancer, HIV/AIDS, and other serious illnesses.

In addition to addressing physical health, the organization emphasizes emotional well-being by
fostering meaningful connections through meal deliveries conducted by compassionate
community members, helping to reduce the social isolation often experienced by those who are
homebound.

For individuals and families outside the daily meal delivery area, or those capable of light meal
preparation, Food & Friends offers a medically tailored groceries program, which provides
biweekly deliveries that include fresh produce, frozen proteins such as fish and poultry, prepared
soups and entrées, and essential pantry items. The organization also offers individualized
nutrition counseling through community dietitians, as well as workshops, cooking classes, and
educational resources focused on wellness and disease-specific dietary needs.

All services provided by Food & Friends are offered free of charge and include virtual nutrition
education classes, educational materials on topics such as protein intake and food safety, and off-
site presentations addressing nutrition for individuals living with HIV/AIDS, cancer, and other
serious illnesses.

Proposed Project

In July 2026, Food & Friends will break ground on a $28.2 million expansion and renovation to
its existing facility. The project will add an additional 16,940 square feet of additional storage,
prep, and office space. Upon completion, Food & Friends will be able to operate more efficiently
and will be able to increase the number of meals that it serves. The project is being funded in part
through Food & Friends’ $30 million Nourish Together: Building a Healthy Community capital
campaign. As of January 31, 2026, Food & Friends has raised a total of $19.22 million in
pledges. The bond financing will be used to bridge the gap between the pledges collected and the
overall project cost.

Financing Plan

A summary of the proposed sources and uses of funds is attached (see Table 1).
Food & Friends Inc.

2

Feasibility/Structure/Security of the Bonds

Stifel has reviewed the financial feasibility of Food & Friends in connection with the proposed
$15,000,000 revenue bond application. Based on its assessment of Food & Friends’ financial
position and financing needs, Stifel believes such financing is feasible.

Legal and Regulatory Affairs

The law office of Tiber Hudson is assigned as bond counsel to the Revenue Bond Program and
has preliminarily determined that Food & Friends is a 501(c)(3) organization, and the project
constitutes a permissible undertaking in Section 490(a)(1) of the District of Columbia Home
Rule Act.

Based upon the information outlined in the application, the Revenue Bond Program staff has
determined that the proposed project complies with the criteria for approval of a proposed
financing transaction through the District’s Revenue Bond Program and will assist Food &
Friends in furthering its organizational mission.

Food & Friends Inc.

3
TABLE 1
PROPOSED SOURCES AND USES OF FUNDS

SOURCES OF FUNDS
Bond Proceeds $15,000,000

Total Sources of Funds $15,000,000

USE OF FUNDS
New Construction $14,783,000
Program Fee $37,500
Borrower’s Counsel Fee $45,000
Bond Issuances Fees $30,000
Underwriters Placement Fee $97,500
Trustees Fees $7,000

Total Uses of Funds $15,000,000
GOVERNMENT OF THE DISTRICTOF COLUMBIAOfficeoftheAttorneyGeneral
xk
a‘CommercialDivision‘TaxandFinanceSection a
MEMORANDUM
To: WilliamLiggins,DirectorD.C.RevenueBond-EnterpriseZoneProgram
OfficeoftheDeputyMayorforPlanningandEconomicDevelopment
FROM: ChristopherE.HughesJr.AttorneyAdvisor
DATE: March 20,2026
SUBJECT: LegalSufficiencyReview:Food& Friends,Inc.,RevenueBondsProjectApprovalResolutionof2026

Thisrespondstoarequestfromyourofficetoreviewforlegalsufficiencytheattacheddraftoftheabove-referencedproposedresolution.Forpurposesofthisreview,thisOfficepremisesitsconclusionontheassumptionthatyourofficehasdeterminedthattheBorrowerasdefinedintheaforementionedresolutionisa“qualifiedapplicant”withinthemeaningofSection490oftheDistrictofColumbiaHomeRuleAct.
A reviewoftheattacheddraftoftheabove-referencedproposedresolutionindicatesthatthedraftproposedresolutionconformswiththeModelRevenueBondResolutionjointlydraftedanddeterminedtobelegallysufficientbytheGeneralCounseloftheCouncil,theOfficeoftheAttomeyGeneral,andtheDistrict'sbondcounsel.Accordingly,wefindtheattacheddraftoftheabove-referencedproposedresolutionlegallysufficient.
Pleasecontactme at805-7440ifyou have furtherquestionsorconcerns.
Attachments:Food & Friends,Inc.,Revenue Bonds ProjectApprovalResolutionof2026
ChusstapharCflughaey-
ChristopherE.HughesJr.
AttomeyAdvisor

400SixthStreet,NW,Suite10100Washington,DC 20001(202)805-7440