Bond Financing
Since 2009, the Phoenix IDA has closed approximately $3.5 billion in private activity bond transactions for more than 100 projects.
The Phoenix IDA issues private activity bonds for a broad range and scope of borrowers, including for projects representing affordable housing, healthcare, education, and community and economic development that benefits Phoenix residents and the City of Phoenix.
The Phoenix IDA’s professional team works with applicants throughout the financing process from application to closing.
Here are the six primary steps of the bond financing process:
- Applicant contacts the Phoenix IDA to determine feasibility of bond financing.
- Applicant assembles the finance team prior to submitting an application.
- Applicant downloads and completes a streamlined application. [See link below.]
- Project is presented to the Phoenix IDA board of directors, which considers approval of bond issuance.
- The Phoenix City Council considers approval of the Phoenix IDA bond proceedings.
- Bonds are sold and the project gets funded.
Bond Application
Click here to download the fillable Phoenix IDA bond application. Once complete, please email the application and any exhibits to bondapplication@phoenixida.com.
If you have questions about the bond application process or need more information, please contact Administrator Frank Enriquez via email at fenriquez@phoenixida.com or by phone at 602-661-7545.
Bond Application Payment
Please submit the $5,000 application fee via ACH or wire transfer within two (2) days of submitting this application. The application fee will be refunded upon closing of the transaction.
Click here to access your invoice for this fee, which includes wire transfer instructions.
Additional Information:
Click here to view the Phoenix IDA Procedural Pamphlet.
Click here for a complete list of Phoenix IDA bond transactions to date.
