The Phoenix IDA serves as a conduit issuer of private activity bonds, which attract private investment to finance projects that provide a public benefit. Private activity bond financing is an alternative to commercial loans and is generally more attractive to borrowers because it may result in federal income tax exemption on interest paid on the bonds.
Eligible applicants can be a private sector (e.g., for-profit) entity, nonprofit, or public agency. The Phoenix IDA’s professional team and counsel work closely with applicants to review the project and the financing structure to determine its eligibility.
With the exception of certain housing bonds, the Phoenix IDA can finance projects located anywhere in Arizona. In addition, the Phoenix IDA may issue bonds to finance projects outside of Arizona, if the out-of-state project provides a benefit within the state as determined by the Phoenix IDA’s Board of Directors.
To learn more about bond financing with the Phoenix IDA, please visit the following pages:
Bond Financing Process
List of Bond Transactions
To begin the bond financing application, please click the button below.
For more information about bond financing, please contact Mike Santellanes at (480) 482-1060 or firstname.lastname@example.org.