• Martin Luther King Jr. Ave SE/South Capitol Street; $10 million;
• H Street NE; $25 million;
• 7th Street/Georgia Avenue NW; $25 million;
• Petworth: $10 million;
• Minnesota-Benning: $15 million; and
• Pennsylvania Avenue SE: $10 million.

Bonds will provide the initial funding, which will be repaid using a portion of the new property and sales taxes generated by the projects. Retail is a big focus on this particular round of funding as many of the districts has been lagging in developing and attracting tenants.

This $95-million package is part of DC's 'Great Streets' Corridor initiative, which was launched a few years ago to revitalize certain neighborhoods in the District that are geographically and culturally significant, but economically depressed through a combination of federal and local funding initiatives. Great Streets, for example, has been instrumental in redeveloping the H Street Corridor through the use of gap financing on planned projects, site acquisition, property tax abatements and zoning. The $95-million "new program is going to pump millions of dollars into some of our most important commercial districts," Mayor Adrian Fenty says.

Developers must apply for the funding. Among the criteria, there needs to be financial gaps in development projects containing no less than 10,000 sf of retail. Funding requests are due to the District on April 18.