What Phoenix IDA does

Phoenix IDA (legally, The Industrial Development Authority of the City of Phoenix, Arizona) is a nonprofit public corporation established by the City of Phoenix that has financed approximately $3.6 billion in private activity bonds since 2009. The organization issues tax-exempt private activity bonds for affordable housing, healthcare, education, and community development projects; administers the Home in Five Advantage and Home in Five Platinum homeownership assistance programs (with more than 25,000 first-time homebuyers assisted since 2012); and administers the Phoenix Community Development and Investment Corporation (PCDIC), which has received $195 million in federal New Markets Tax Credit allocations across six consecutive years. The organization also runs community grants, the Verma and Ed Pastor Scholarship program, the School District Surplus Land Initiative, and a pilot Small Business Financial Assistance Program. PCDIC and Phoenix IDA deploy NMTC allocations into projects such as St. Mary's Food Bank, NOAH Palomino Health Center, Child Crisis Arizona, and the Guadalupe Health Center (Pascua Yaqui Tribe). Revenue is generated through fees on bond transactions, making the organization self-sustaining without taxpayer funds. Customer segments include affordable housing developers, healthcare providers, educational institutions (K-12 charter schools, universities, student housing), nonprofit organizations, and individual low- to moderate-income homebuyers in Phoenix and Maricopa County. The organization is governed by a nine-member board appointed by the Mayor and City Council and operates with 11-50 staff led by CEO Juan Salgado.

Name

Phoenix IDA

Legal name

The Industrial Development Authority of the City of Phoenix, Arizona

Website

https://phoenixida.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Phoenix IDA is a nonprofit Industrial Development Authority of the City of Phoenix that issues tax-exempt private activity bonds, administers New Markets Tax Credits via PCDIC, and runs the Home in Five homeownership assistance programs, serving affordable housing developers, healthcare providers, schools, nonprofits, and low- to moderate-income individuals in Maricopa County.

Ownership category

akta.pro rank

Product category

Municipal Public Finance

NAICS

Administration of Housing Programs, Urban Planning, and Community Development (925), Administration of Housing Programs, Urban Planning, and Community Development (9251), Administration of Urban Planning and Community and Rural Development (925120)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)

akta.pro secondary industries

Affordable / Low-Income Assisted Living (Medicaid Waiver Focused) (HLADABAE), Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB), Local Education Authorities & Municipal Education Offices (EDADABAD), Government-Backed CRE Lending (FHA/HUD/USDA) (FSALADAE)

Keywords

• Municipal bond financing
• Affordable housing financing
• Homeownership assistance programs
• New markets tax credits
• Community development grants

Headquarters

HQ city

Phoenix

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Bond Transaction Fees: Phoenix IDA generates revenue through fees earned from bond transactions. The fees from these transactions are invested in programs and initiatives that benefit Phoenix residents. The organization is self-sustaining through its own efforts and does not rely on taxpayer funds.
2. New Markets Tax Credit Program Administration: As administrator of PCDIC, Phoenix IDA manages New Markets Tax Credit allocations that help unlock private-sector investment in underserved communities. PCDIC has been awarded $195 million in federal NMTC allocations since 2019.
3. Home in Five Program Administration: Phoenix IDA partners with Maricopa IDA to administer Home in Five Advantage and Home in Five Platinum programs, providing down payment assistance and affordable mortgage loans to first-time homebuyers in Maricopa County.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Phoenix IDA is a nonprofit public corporation of the City of Phoenix that issues private activity bonds for affordable housing, healthcare, education, and community development projects, and administers homeownership assistance programs (Home in Five Advantage and Home in Five Platinum) for first-time homebuyers in Maricopa County. It also administers New Markets Tax Credit allocations through PCDIC and deploys community grants and scholarships to benefit underserved Phoenix communities.

Product overview

Phoenix IDA is a nonprofit public corporation providing innovative public financing and community investment services. It is not a technology or software company. Its core offerings include bond financing for development projects, homeownership assistance programs (Home in Five Advantage and Home in Five Platinum), New Markets Tax Credits administration through PCDIC, community grants, scholarships, and specialized initiatives like the School District Surplus Land Initiative. These programs work together to support affordable housing, healthcare, education, and economic development across Phoenix and Maricopa County.

Differentiator

Problem solved

Functional benefit

Brands

• Home in Five Advantage: Homebuyer assistance program providing down payment and closing cost assistance plus competitive mortgage rates for low- to moderate-income individuals and families in Maricopa County
• Home in Five Platinum
• Phoenix Community Development & Investment Corporation (PCDIC)

Products and services

• Bond Financing Provides private activity bonds and public financing for projects in affordable housing, healthcare, community and economic development, and education. Encourages sustainability in financed projects. Targeted at developers, nonprofit organizations, healthcare providers, and educational institutions.
• Home in Five Advantage Homebuyer assistance program providing up to 6% assistance for down payment and closing costs plus competitive interest rate loans for low- and moderate-income first-time homebuyers in Maricopa County. Has provided approximately $191 million in down-payment assistance to more than 25,000 low- and moderate-income homebuyers since inception.
• Home in Five Platinum Tax-exempt bond-financed program offering below-market interest rates (5.95% for Series 2024A) and down payment assistance for first-time homebuyers including first responders, veterans, and approved homebuyers. Average home purchase price of $359,000, with 428 home purchases closed since launch.
• New Markets Tax Credits Administration As administrator of PCDIC, Phoenix IDA manages New Markets Tax Credit allocations to unlock private-sector investment in underserved communities. PCDIC has been awarded $195 million in federal NMTC allocations since 2019, supporting projects like St. Mary's Food Bank, NOAH Palomino Health Center, and Child Crisis Arizona.
• Community Development Fund Grants Grants awarded to Maricopa County nonprofits for community-focused initiatives supporting housing, healthcare, education, and economic development, including $3 million for Edison Impact Hub and $1 million for Marcos de Niza Community Planning.
• Verma and Ed Pastor Scholarship Scholarship program administered by PCDIC and Phoenix IDA, awarding $2,500 to $5,000 to students with financial need attending accredited public colleges in Maricopa County. 90 scholarships totaling $420,000 were awarded in 2023-24 academic year, with 264 students receiving scholarships totaling more than $2 million since 2018.
• School District Surplus Land Initiative Innovative program assisting school districts in selling unused land to create affordable housing developments using tax-exempt bonds and low-income housing tax credits, exemplified by the $18.4 million Bret Tarver Terrace project for UMOM on Isaac School District surplus land.
• Mobile Home Park Emergency Relief Fund Emergency relief fund assisting residents of mobile home parks facing closure with housing navigation, case management, rental/utility assistance, and resource referrals. The program assisted nearly 400 residents facing displacement, with 129 households relocated and stabilized.
• Small Business Financial Assistance Program (SBFAP) Pilot program providing financial assistance to small and micro businesses impacted by light rail construction, facilitated by Valley Metro and administered by Prestamos CDFI.

Quantifiable outcome

• More than 25,000 first-time homebuyers achieved homeownership through Home in Five programs since 2012
• +4 more outcomes

Named customers16 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered major and core.

• Richman Group Development Corp.majorStrategic or Co-development Partner · 1 January 2026Selected through competitive RFP process with City of Phoenix to develop Helen Drake Village, a new 80-unit affordable senior housing community in the Alhambra neighborhood of Phoenix. Phoenix IDA provided $15 million in Multifamily Housing Revenue Notes.
• Gorman & CompanymajorStrategic or Co-development Partner · 1 January 2026Ongoing partnership with City of Phoenix for Horizon on Villa affordable housing project, second project in Phase IV of Edison Eastlake public housing portfolio repositioning. Phoenix IDA provided $35 million Multifamily Housing Revenue Bond.
• Brinshore DevelopmentmajorStrategic or Co-development Partner · 1 January 2026Phoenix IDA joined Brinshore Development and Arizona Department of...
• Christian Care FoundationmajorStrategic or Co-development Partner · 1 January 2025Phoenix-based nonprofit that owns and operates senior living facilities throughout Arizona. Long-standing relationship dating back to 1985. Phoenix IDA provided $79 million Senior Rental Housing Revenue Refunding Bond for Fellowship Square Surprise.
• Phoenix Community Development & Investment Corporation (PCDIC)coreStrategic or Co-development Partner · 1 January 2024PCDIC is a nonprofit created by the City of Phoenix that is administered by Phoenix IDA. PCDIC has been awarded $195 million in New Markets Tax Credit allocations since 2019 to invest in projects benefiting underserved communities.
• Isaac School DistrictmajorStrategic or Co-development Partner · 1 January 2023Phoenix IDA established the School District Surplus Land Initiative in partnership with Isaac School District to enable sale of unused school land for affordable housing development. First transaction utilized tax-exempt bonds and low-income housing tax credits to fund land purchase for Bret Tarver Terrace.
• Chicanos Por La Causa (CPLC)majorStrategic or Co-development Partner · 1 January 2023Phoenix IDA provided $24.2 million bond financing and PCDIC provided $1 million loan for Pueblo Apartments, a 161-unit affordable housing community in South Phoenix developed by CPLC.
• UMOM New Day CentersmajorStrategic or Co-development Partner · 1 January 2023Phoenix IDA partnered with UMOM on Bret Tarver Terrace, a 96-unit affordable housing project on surplus Isaac School District land. Also working with UMOM on Alhambra Elementary School District transaction. UMOM is the largest homeless shelter for families in Arizona.
• NOAH (Neighborhood Outreach Access to Health)majorStrategic or Co-development Partner · 1 January 2023PCDIC deployed $15 million NMTC allocation to NOAH Palomino Health Center to support expansion of services and addition of on-site pharmacy, enabling service to 1,500 additional patients annually.
• St. Mary's Food BankmajorStrategic or Co-development Partner · 1 January 2023PCDIC provided $35 million NMTC allocation to St. Mary's Food Bank to build overall capacity and help streamline operations. The food bank distributes 250,000 meals daily.
• Child Crisis ArizonamajorStrategic or Co-development Partner · 1 January 2023PCDIC deployed $13 million NMTC allocation to Child Crisis Arizona to enable expansion of Early Childhood Education programs at three locations, increasing capacity by 31% to serve 96 additional children.
• Pascua Yaqui TribemajorStrategic or Co-development Partner · 1 January 2023PCDIC provided $17.5 million NMTC allocation to support Guadalupe Health Center project serving tribal members and residents of Guadalupe, Arizona. The 34,400 sq ft health center will serve 3,300+ tribal members.
• City of PhoenixcoreStrategic or Co-development Partner · 1 January 2021Phoenix IDA is a nonprofit public corporation of the City of Phoenix. The organization works closely with the City on affordable housing initiatives, school district surplus land projects, and community development programs aligned with City goals including the 50,000 homes by 2030 objective.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Enterprise Community Partners: National CDFI and affordable-housing-finance organization that deploys NMTC allocations, LIHTC equity, and catalytic capital into community projects. Comparable to PCDIC's NMTC administration work and to Phoenix IDA's affordable housing bond finance mandate.
• Local Initiatives Support Corporation (LISC): National CDFI that finances community development projects including affordable housing, health clinics, education, and small business. Provides a useful peer for evaluating PCDIC's nonprofit NMTC/CDFI-style deployment of federal credits.

Broad incumbents

• MassDevelopment: Massachusetts' state-level development finance agency offering bond financing, tax credits, and loans for real estate/equipment and brownfields, plus emerging markets tax credit programs analogous to NMTC. Comparable scope but state-wide mandate rather than municipal.
• New York City Housing Development Corporation (HDC): NYC's housing finance agency issuing tax-exempt mortgage revenue bonds and administering Low Income Housing Tax Credits for multifamily and supportive housing; analogous to Phoenix IDA's multifamily/senior affordable bond line.
• California Housing Finance Agency (CalHFA): State housing finance agency offering below-market-rate first mortgages and down payment assistance similar to Phoenix IDA's Home in Five Advantage/Platinum programs, but at state-wide scale.

Direct peers

• Maricopa IDA: Maricopa County's Industrial Development Authority and Phoenix IDA's joint partner on the Home in Five Advantage and Home in Five Platinum programs. Operates an identical IDA-based private activity bond and down payment assistance model within the same Arizona geography.
• Build NYC Resource Corporation: NYC-based conduit issuer of tax-exempt bonds for facilities used by non-profit organizations (cultural, educational, healthcare, social service). Operates with the same fee-based, public-corporation structure that Phoenix IDA uses to finance community and education projects.
• California Statewide Communities Development Authority (CSCDA): Joint Powers Authority serving as a conduit issuer of tax-exempt bonds for affordable housing, healthcare, education, and nonprofits across California. Mirrors Phoenix IDA's issuer-model across multiple sectors using private activity and 501(c)(3) bonds.
• California Municipal Finance Authority (CMFA): Joint powers authority issuing tax-exempt bonds for affordable housing and nonprofit facilities throughout California with a Community Impact Fee model analogous to Phoenix IDA's PCDIC community grants.
• New York City Industrial Development Agency (NYC IDA): Municipal Industrial Development Agency offering tax-exempt and taxable bond financing, plus Straight-Lease tax incentives, for commercial, industrial, and not-for-profit projects in NYC. Closest analog in scale, structure (city-chartered IDA), and revenue model (transaction fees, no taxpayer funds) to Phoenix IDA.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/PhoenixIDA
• Facebookfacebook.com/PhoenixIDA
• LinkedInlinkedin.com/company/phoenix-ida

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Phoenix IDA