Glossary

Quick definitions for Washington, DC investors.

• ARV: After-Repair Value — projected value post-renovation.
• BRRRR: Buy, Rehab, Rent, Refinance, Repeat.
• DSCR: Debt Service Coverage Ratio — NOI / Annual Debt Service.
• TOPA: Tenant Opportunity to Purchase Act — tenant rights in sales.
• IZ: Inclusionary Zoning — affordable set-asides in certain zones.
• BZA: Board of Zoning Adjustment — variances, special exceptions.
• PUD: Planned Unit Development — added flexibility for public benefits.
• DOB: DC Department of Buildings — permitting and inspections.
• DOEE: Department of Energy & Environment — stormwater and environmental.
• DDOT: DC Department of Transportation — public space permits.
• DCOZ: DC Office of Zoning — zoning map and regulations.
• OTR: Office of Tax & Revenue — property taxes, transfer/recordation.
• DLCP: Department of Licensing & Consumer Protection — BBL, STR.