Letter From The CEO
2024 has been a year of steady progress and refined focus for the Phoenix IDA, particularly in our efforts to expand access to affordable housing. Through strategic financing, strong partnerships and innovative programs, we have helped create more opportunities for individuals and families to find reasonably priced, secure, quality housing.
Our bond financing has supported key projects like Memorial Towers and Glendale Apartments in Phoenix, increasing housing availability for seniors and veterans. Beyond housing, we financed the Brooks Rehabilitation project, adjacent to Mayo Clinic’s Discovery Oasis campus in north Phoenix, which will add post-acute, inpatient rehabilitation care for patients with traumatic brain injuries, strokes, spinal cord injuries and other complex conditions.
We also continue to advance economic mobility through our Home in Five programs, assisting first-time homebuyers with down payment assistance. Since 2012, we have helped more than 25,000 homebuyers achieve home ownership through our two programs, Home in Five Advantage and Home in Five Platinum.
In 2024, we solidified the School District Surplus Land Initiative, designed to repurpose unused land owned by school districts for affordable housing development. The foundation we laid in 2023 and 2024 provides a promising solution to our current housing shortage and enables school districts to have more flexibility with funds.
These achievements are only possible because of our dedicated team, business partners, and collaboration with the City of Phoenix. Looking ahead, we remain committed to fostering sustainable development that strengthens our city and uplifts our residents.
Thank you for your continued support. Together, we are making Phoenix a more attractive place to live and work for all residents.
Juan Salgado
Chief Executive Officer
Thank you for taking a few minutes to review our 2024 Impact Summary.
