About Us

Mission Statement

The Phoenix IDA's mission is to provide financial assistance for affordable housing, and community and economic development.

History and Powers

The Phoenix IDA was established in 1981 by the City of Phoenix under the Industrial Development Financing Act, Arizona Revised Statutes § 35-701 et. seq. The Phoenix IDA is an Arizona nonprofit corporation and political subdivision statutorily possessing, but not limited to, the following prescribed powers:

• Providing taxable and tax-exempt bond financing for the acquisition, construction, equipping or improvement of qualified projects:
  • Educational Facility Revenue Bonds
  • Industrial Development Revenue Bonds
  • Community Development Revenue Bonds
  • Multi-Family Housing Revenue Bonds
  • Single-Family Housing Revenue Bond
  • Mortgage Credit Certificate Programs