Community Impact Loans
In partnership with the Arizona Community Foundation, the Phoenix IDA is offering loans to nonprofit organizations for projects that create a social impact. Loans are generally made to improve the lives of vulnerable populations and underserved communities.
Community Impact Loans strengthen the financial capability of local nonprofits and help bring projects to fruition to achieve a greater impact.
- Bring financial resources to nonprofits and strengthens Arizona’s nonprofit sector.
- Provide access to capital that may not be available or affordable to nonprofits through traditional lenders.
- Leverage funds to create a broader community impact.
For more information and to apply for a loan, please contact Paul Magallanez, Economic Development Director, Phoenix IDA by phone at 623-238-1506 or email at email@example.com.
In support of Catholic Charities Community Services (CCCS), the Phoenix IDA participated in a loan to support a 50-bed transitional housing facility for male veterans experiencing homelessness. The new facility referred to as "MANA (Marines, Army, Navy, Air Force) House" is located at 2422 W. Holly Street in Phoenix. Phoenix IDA made the loan to support construction, as well as enhanced and increased services. The Phoenix IDA made the $500,000 loan to support construction, as well as enhanced and increased services. The Phoenix IDA’s share was part of a total $1.5 million loan made to CCCS in partnership with the Arizona Community Foundation and the Phoenix Community Development & Investment Corporation.
In support of Neighborhood Outreach Access to Health (NOAH), the Phoenix IDA participated in a loan to allow the nonprofit organization to open the new Venado Valley Health Center located at 20440 N. 27th Avenue, Phoenix. NOAH provides medical and dental services to underserved communities, focusing on working with patients while respecting their diverse cultures and needs. Additionally, NOAH offers enhanced health services for patients with special needs, including primary care services, speech and physical therapy, and chronic disease management. The Phoenix IDA’s share was part of a total $1,375,000 loan made to NOAH, in partnership with the Arizona Community Foundation and the Phoenix Community Development & Investment Corporation.