New Board President Fosters Impactful Community Solutions
Meet Tina Marie Tentori, Executive Director of the Arizona Public Service Company (APS) Foundation and Director of Community Affairs for APS
Tina Marie Tentori, a high-level executive with the Arizona Public Service Company (APS), has been a dedicated member of the Phoenix IDA Board of Directors since she was first appointed in 2019. This year, she takes the reigns as president. Her tenure has been marked by her passion for impactful community solutions and fostering collaborations that address some of Phoenix’s most pressing challenges.
Meeting Critical Needs
Tentori finds great fulfillment in her role, praising the Phoenix IDA’s innovative and community-focused approach to issues such as affordable housing. “I love how in tune the organization is with the needs of Phoenicians and the creativity they use in addressing some of the city’s most pressing challenges,” she shares.
One of the projects Tentori is particularly proud of is the Phoenix IDA’s work on affordable housing solutions, including a special project known as the Mobile Home Park Closure Emergency Support. In 2023, the Phoenix IDA helped approximately 400 residents in 130 households at three different Phoenix-based mobile home parks to successfully relocate, remain housed and avoid homelessness. APS partnered with the Phoenix IDA on this community-focused initiative and provided funding for vital resident services.
The Phoenix IDA’s ability to build strong partnerships and drive progress in critical areas – such as affordable housing, healthcare and education – is something she wishes more people recognized. “The Phoenix IDA is embedded in the community, and focused on building relationships and giving a voice to the most vulnerable.”
Synergy Between Roles
Tentori’s role as Director of Community Affairs at APS, where she has worked for over 14 years, complements her new leadership position. Both roles require her to address community pain points, such as housing and homelessness, and foster collaboration among corporations, nonprofits and government entities. APS’s focus on sustainability, education, and small business support aligns seamlessly with the Phoenix IDA’s mission, enabling Tentori to bring valuable insights and synergies to the board.
Outside of her professional life, Tentori enjoys traveling, hiking, spending time outdoors with her Labradoodle, and giving back to her community. An Arizona resident since 1996, she has volunteered and served on the boards of organizations like Boys & Girls Club of the Valley, Make-a-Wish Arizona and the Arizona Hispanic Chamber of Commerce. Her lifelong passion for children, arts, education and economic development continues to shape her vision as she steps into her role as board president of the Phoenix IDA this year.
Phoenix IDA Board Elects New Slate of Officers
Congratulations to the following Phoenix IDA Directors who assumed officer positions on our Board of Directors for a term of one year:
Bond Transaction Closes for New Brooks Rehabilitation Facility Near Mayo Clinic Campus
The Phoenix IDA recently closed $81 million in bond financing in support of Brooks Rehabilitation building a new facility adjacent to Mayo Clinic’s Discovery Oasis campus in north Phoenix. This 60-bed rehabilitation facility, in collaboration with Mayo Clinic, will enhance post-acute inpatient rehabilitation care in the area. The facility will treat patients with traumatic brain injuries, strokes, spinal cord injuries and other complex conditions.
“The Phoenix IDA is pleased to have the opportunity to facilitate innovative financing with sophisticated national partners such as Veyron and Morgan Stanley,” said Phoenix IDA CEO Juan Salgado. “Not only will this project serve to provide additional healthcare resources in Phoenix, but it will also provide more high-quality healthcare jobs in Phoenix.”
Project completion is expected in summer 2026, and Brooks Rehabilitation estimates it will employ 200 people when the facility is complete.
Memorial Towers Receives Bond Financing for Renovation of Affordable Senior Housing Units
Last month, the Phoenix IDA closed approximately
$34 million in multifamily housing revenue bonds for the Memorial Towers senior housing project. The money will be used to renovate and preserve 153 affordable housing units for seniors ages 62 and older.
Originally built in 1964 and located off 7th Avenue just south of Buckeye Road in Phoenix, Memorial Towers features two, 11-story interconnected towers with shared amenities and common space. The affordable housing units consist of handicap-accessible, one-bedroom apartments that are in need of comprehensive renovation.
The bond financing will be used to replace flooring, updating light fixtures and ceiling fans, replace kitchen cabinets and appliances, and renovate bathrooms to be ADA compliant. Funds will also provide for the repair and replacement of exterior landscaping and hardscape as well as updating to the parking lot and community spaces.
