Public Meetings

Phoenix IDA Board of Directors

The Phoenix IDA is governed by a nine-member Board of Directors. The Board holds public meetings regularly and pursuant to A.R.S. §38-431.02, all notices of the meetings of the Board of Directors and any of its committees will be posted on the Phoenix IDA's website and with the Phoenix City Clerk's Office.  Such notices will include information about the location of the meeting and the matters to be discussed.

To learn about upcoming meetings of the Phoenix IDA Board of Directors, please contact Lydia Lee at (602) 534-9655 or email

Upcoming Public Meeting Notice(s)

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TEFRA Hearings

The Phoenix IDA holds public hearings for bond transactions as required by Section 147(f) of the Internal Revenue Code. These hearings are known as TEFRA Hearings since they were instituted by the federal Tax Equity and Fiscal Responsibility Act of 1982 (“TEFRA”). 

The purpose of the TEFRA hearing is to receive comments from interested parties on matters regarding the issuance of bonds and the location and nature of the project for which the bond funds will be allocated.

Upcoming TEFRA Hearing(s):

  • May 26, 2020, 11 a.m. - Notice of Public Hearing regarding the issuance by The Industrial Development Authority of the City of Phoenix, Arizona of one or more series of its tax-exempt Multifamily Housing Revenue Bonds (Foothills Village Apartments Project), pursuant to a plan of financing in an aggregate principal amount not to exceed $15,000,000 for the benefit of FVA, LLC, an Arizona limited liability company, as borrower of the proceeds of the bonds, in order to finance or refinance, as applicable, the acquisition, construction, improvement, equipping and/or operation of a multifamily residential rental housing project, and functionally related facilities, consisting of approximately 200 units situated on certain real property leased by the City of Phoenix, Arizona to FVA, LLC and located at 920 West Alta Vista Road in Phoenix, Maricopa County, Arizona.
    View complete Notice of Public HearingPosted: May 15, 2020