You build. We fund. Communities benefit.
PCDIC invests in underserved areas of Phoenix and Maricopa county
The Phoenix Community Development & Investment Corporation’s (PCDIC) mission is to attract and provide funds for projects that will improve the quality of life for individuals who live and work in underserved areas. PCDIC was formed in 2002 by the City of Phoenix and is certified by the U.S. Treasury as a Community Development Entity.
How We Invest
New Markets Tax Credits
PCDIC encourages private capital investment in low income communities by offering tax credits.
Investments
PCDIC offers loans to nonprofit organizations and small businesses for projects that will improve the lives of vulnerable populations and underserved communities.
Community Development Fund
PCDIC grants funds to nonprofit organizations primarily serving Maricopa county residents.
Latest News
November Update 2023
The Phoenix IDA recently provided $30 million in bond funding for Residences at Falcon Park, a 192-unit multifamily residential rental housing complex to be constructed on 5.26 acres near 34th …
October Update 2023
PCDIC was recently awarded a $60 million New Markets Tax Credit (NMTC) allocation from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) to spur investment …
