The Phoenix IDA is an entrepreneurial nonprofit that draws upon its decades of experience and proven record of accomplishments to support community and economic development through access to capital. The organization’s primary goal is to positively impact vulnerable populations and underserved communities through multiple strategies such as bond financing, investments, and down payment assistance to advance homeownership.
Financing projects in Phoenix and beyond with focus on affordable housing, healthcare, community & economic development, and education. The Phoenix IDA encourages sustainability in the projects it finances.
Assisting low- and moderate-income individuals and families with down payment and closing cost assistance, plus low-interest mortgage loans in Maricopa county.
Impacting the community by investing in small businesses, nonprofits and other borrowers – from loans to innovative programs.
With a wealth of experience in public financing, the Phoenix IDA team assists community-focused organizations accomplish their goals. The Phoenix IDA encourages a focus on sustainability in the projects it finances.
Tools include private activity bonds and New Markets Tax Credits.
Beyond the economic impact, homeownership has numerous social benefits for individuals and families, which in turn benefits the entire community. Those benefits include increased educational attainment, civic involvement, health outcomes and public safety.
Along with community lenders and collaborators, the Phoenix IDA uses various tools to invest in the community – from impact loans to competitive community grants to innovative programs. Please contact us if you need financing for a project that will benefit Phoenix residents and improve the community.
The Phoenix IDA is governed by a nine-member board of directors. Each member serves a six-year term and is appointed by the Mayor and City Council of the City of Phoenix.
The Phoenix IDA employs a team of professional staff with a passion to serve the community.
