Methodist Home of the District of Columbia d/b/a Forest Hills of DC by Goodwin Living Revenue Bonds Project Approval Resolution of 2026

26th Council Period (2025-2026) Introduced by Phil Mendelson

The bill authorizes up to $13.7 million in DC revenue bonds, backed by the District, to finance/refund Forest Hills of DC facilities and related costs.

Resolution R26-0413, Effective from Jun 02, 2026 Published in DC Register Vol 73 and Page 008415

Purpose and intent

The bill, titled the Methodist Home of the District of Columbia d/b/a Forest Hills of DC by Goodwin Living Revenue Bonds Project Approval Resolution of 2026, authorizes the District of Columbia to issue up to $13.7 million in DC revenue bonds to assist Forest Hills of DC, operated by The Methodist Home, with financing, refinancing, or reimbursement of project costs.

The financing would be provided through a loan from the District to the Borrower (Forest Hills of DC by Goodwin Living) to support the project described below. The securities are “special obligations” of the District and are not general obligations or a pledge of the District’s taxing power.

Key provisions and changes

Authorized bonds and loan:

Not to exceed $13.7 million aggregate principal amount, issued in one or more series.
The District would make a loan to the Borrower using bond proceeds.

Project scope (Project):

Refunding or refinancing of existing Methodist Home debt (Series 1999 and Series 2009A) used for aging and health-care facilities.
Capital expenditures, including renovation and improvements to facilities at 4901 Connecticut Avenue NW and 2701 Military Road NW.
Funding working capital, interest during construction, credit enhancement costs, liquidity facilities, debt service reserve, and allowable issuance costs.

Authorized actions:

The Mayor (or Authorized Delegates) would determine final bond terms, form, interest, redemption features, security, and related financing documents.
Bonds may be issued in book-entry or certificated form and may be sold via negotiated or competitive sale.
Potential refunding of previously issued bonds, with the caveat that outstanding bonds do not exceed the new authorization.

Public and legal compliance:

Bond issuance must comply with the Home Rule Act and Internal Revenue Code section 147(f) public approval requirements.
A closing and financing package would include Closing Documents and Financing Documents, subject to Mayor’s review and approval.
Bonds would be secured as described in the Financing Documents, with an assignment of certain District rights to a trustee.

Fiscal and liability framework:

Bonds are non-recourse to the District; repayment comes from bond proceeds, loan receipts, and related sources specified in the financing documents.
District officials have limited liability; personal liability is generally not attached to District officials for bond performance.

Administrative and reporting requirements:

Transcripts of proceedings must be provided to the Secretary to the Council within 3 days of receipt.
Copies of bonds and financing documents must be filed with the Secretary of the District.
The Council must receive a fiscal impact statement and the plan has an expiration if bonds are not issued within 3 years.

Affected parties

Borrower: The Methodist Home of the District of Columbia d/b/a Forest Hills of DC by Goodwin Living (a not-for-profit entity).

District of Columbia government: Mayor, Authorized Delegates, and the Council (including the Secretary to the Council) handling issuance, oversight, and financing documents.

Bondholders: Investors in the DC revenue bonds issued to finance the Project.

Timelines and process

The resolution becomes effective immediately upon adoption.

If bonds are not issued within 3 years, the authorization expires.

Public hearing and IRS 147(f) compliance are required as part of the process.

Note: This summary translates the bill’s legal and financial mechanics into an accessible overview of purpose, provisions, and potential impact.