Maricopa County Industrial Development Authority

What Maricopa County Industrial Development Authority does

The Maricopa County Industrial Development Authority (MCIDA) is a political subdivision of Maricopa County, Arizona, established in 1973 to facilitate economic development through tax-exempt bond financing and community investment programs. Operating under Section 147(f) of the Internal Revenue Code, MCIDA issues below-market interest rate bonds for projects located within Maricopa County, serving healthcare systems, charter schools, manufacturing companies, nonprofit organizations, and affordable housing developers. The Authority also administers down payment assistance programs for homebuyers and provides community investment grants and loans, with all operational activity geographically restricted to the county.

MCIDA's service portfolio comprises three core programs: Tax-Exempt Financing (bond issuance for eligible borrowers including healthcare, education, manufacturing, and nonprofit facilities), Homebuyer Assistance (down payment grants and below-market loans including the Home in 5 Advantage joint program with Phoenix IDA and a separate 1% grant tier for military, first responders, and teachers), and Community Investments (grants and loans supporting county economic growth). Underlying infrastructure includes federally-mandated TEFRA public hearings, multi-stage government approvals (MCIDA Board, Maricopa County Board of Supervisors, Arizona Attorney General), volume cap allocations administered by the Arizona Finance Authority, and a network of 100+ participating lenders for the mortgage program. The Authority has issued over $12 billion in bonds across its 50+ year history and serves thousands of jobs created through financed projects.

MCIDA generates revenue through transaction-based fees: a non-refundable $3,000 application fee, annual administrative fees of 8.0 basis points for for-profit borrowers and 7.5 basis points for nonprofits (capped at $50,000 per borrower per year), $5,000 fees for host TEFRA hearings, and $2,000 lender participation fees split with Phoenix IDA. The entity operates with a small staff of 1–10 employees from its Scottsdale headquarters and channels deal flow through partnerships with the Arizona Commerce Authority, Greater Phoenix Economic Council, Greater Phoenix Chamber of Commerce, Arizona Department of Housing, and Maricopa County government.

Name

Maricopa County Industrial Development Authority

Legal name

The Industrial Development Authority of the County of Maricopa

Website

https://mcida.com

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

1–10 employees

Short description

Maricopa County Industrial Development Authority (MCIDA), founded 1973, is a political subdivision of Maricopa County, Arizona, that issues tax-exempt bonds and administers homebuyer assistance for healthcare, education, manufacturing, nonprofit, and affordable housing projects located within the county.

Ownership category

akta.pro rank

Product category

Municipal Bond Financing and Economic Development

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Finance Services (6199)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

akta.pro secondary industry

Down Payment Assistance (DPA) Credit Enhancement & Subsidy Programs (FSALAJAI)

Keywords

• Tax-exempt bond financing
• Industrial development authority
• Affordable housing financing
• Homebuyer assistance programs
• Conduit bond issuance

Headquarters

HQ city

Phoenix

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Bond Issuance and Administration: MCIDA charges fees for bond financing services including a non-refundable $3,000 application fee, annual administrative fees of 8.0 basis points for profit borrowers and 7.5 basis points for non-profits (capped at $50,000 annually), and $5,000 TEFRA hearing fees for host hearings. Additional costs and expenses are borne by applicants.
2. Lender Participation Fees: Lenders pay participation fees to join the Home in Five Advantage program ($2,000 total, split $1,000 to Phoenix IDA and $1,000 to Maricopa IDA).

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

MCIDA is a county government-constituted Industrial Development Authority that issues tax-exempt conduit bonds to finance affordable housing, healthcare facilities, charter schools, manufacturing plants, and non-profit organization facilities. It also administers homebuyer down payment assistance programs (including Home in 5 Advantage) and deploys community investment grants and loans to support economic growth in Maricopa County.

Product overview

MCIDA operates as a single integrated service offering centered on tax-exempt bond financing and community development programs. The organization provides three core services: Tax-Exempt Financing (bond issuance for developers, nonprofits, healthcare, education, and manufacturing), Homebuyer Assistance (down payment programs including Home in 5 Advantage with 1% grants for first responders/teachers/military), and Community Investments (grants and loans for economic growth). Supporting these are TEFRA public hearings and a network of HUD-approved counseling agencies and participating lenders. The programs serve various sectors including affordable housing, healthcare, manufacturing, education, and infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Tax-Exempt Financing Issuance of tax-exempt (below market interest) bonds to finance affordable housing, manufacturing facilities, infrastructure projects, healthcare facilities, charter schools, and non-profit organizations throughout Maricopa County.
• Homebuyer Assistance Program Down payment assistance and homebuyer education programs to help residents of Maricopa County achieve homeownership, including the Home in 5 Advantage program with participating lenders.
• Community Investments Economic development investments through grants and loans to support Maricopa County's economic growth.
• Home in 5 Advantage Down payment assistance program for homebuyers in Maricopa County with income limits up to $105,000 and minimum 640 FICO score requirements. Delivered through a network of approved participating lenders including Academy Mortgage, Nova Home Loans, and LoanDepot.
• Military, First Responders and Teachers Grant Additional 1% grant as a reward for qualified military personnel, first responders, teachers, and those with qualifying annual income up to $31,450.
• TEFRA Hearings Public hearings required under Section 147(f) of the Internal Revenue Code for bond transactions, providing community input on proposed bond-funded projects. Hosted for the MCIDA's own bond issuances and for other issuers (host hearings) for a $5,000 fee.

Quantifiable outcome

• Interest rates up to 40% less than market rate through tax-exempt financing
• +3 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered minor, core and moderate.

• Maricopa County Veteran ResourcesminorOthersPartner organization supporting veterans in Maricopa County, collaborating on workforce development and economic opportunity initiatives
• Maricopa CountycoreOthersParent governmental jurisdiction; MCIDA is the Industrial Development Authority of the County of Maricopa and requires Maricopa County Board of Supervisor approvals for bond issuances
• Greater Phoenix Chamber of CommercemoderateStrategic or Co-development PartnerEconomic development partner supporting business growth and job creation in the Greater Phoenix region
• Greater Phoenix Economic CouncilmoderateStrategic or Co-development PartnerRegional economic development organization focused on business attraction and expansion in Greater Phoenix
• Arizona Commerce AuthoritymoderateStrategic or Co-development PartnerState-level economic development agency supporting business growth and job creation statewide
• Arizona Department of HousingmoderateStrategic or Co-development PartnerState housing agency responsible for allocation of low-income housing tax credits and housing programs; MCIDA coordinates with them for affordable housing projects and tax credit administration
• Arizona Finance AuthoritycoreOthersAdministers the Bond Volume Cap for Arizona, which MCIDA and other issuers must apply for to issue tax-exempt bonds for affordable housing, manufacturing, and exempt facilities

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Others

• Arizona Department of Housing: State housing agency administering Low-Income Housing Tax Credits and housing programs. Coordinates with MCIDA on affordable housing projects and tax credit administration; complementary rather than competitive.
• Greater Phoenix Economic Council: Regional economic development organization and MCIDA partner. Not an issuer but a peer in the regional economic development ecosystem, with comparable goals around business attraction, job creation, and capital deployment in the Phoenix metro.
• Arizona Commerce Authority: State-level economic development agency partnered with MCIDA. Comparable mission of driving job growth and capital investment in Arizona, but functions as a state policy/grant administrator rather than a bond issuer.
• Maricopa County: Parent governmental jurisdiction. MCIDA is a political subdivision of Maricopa County and requires Board of Supervisors approval for bond issuances. The county itself is the ultimate governmental backstop, not a direct competitor.

Direct peers

• Phoenix Industrial Development Authority: Co-administrator of the Home in 5 Advantage program with MCIDA. Phoenix IDA is the city-level counterpart within the same metro, splitting lender participation fees, and operates the same Section 147(f) tax-exempt bond issuance model for projects within Phoenix city limits.
• Pima County Industrial Development Authority: The Tucson-area counterpart to MCIDA, also a political subdivision issuing tax-exempt bonds for healthcare, education, manufacturing, and affordable housing in Pima County under the same Section 147(f) framework.

Broad incumbents

• New York City Industrial Development Agency: The largest municipal IDA in the US, issuing tax-exempt and taxable bonds for industrial, commercial, and civic projects in NYC. Operates the same governmental tax-exempt bond issuance model but at city-wide scale.
• California Statewide Communities Development Authority (CSCDA): A large-scale Joint Powers Authority issuing tax-exempt bonds for affordable housing, healthcare, and exempt facilities across California. Comparable operating model but at substantially greater scale and broader geographic reach than MCIDA.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/the-industrial-development-authority-of-the-county-of-maricopa-770721362960891
• LinkedInlinkedin.com/company/maricopa-county-industrial-development-authority

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments3 records

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

Frequently asked questions about Maricopa County Industrial Development Authority