March Update
Phoenix Community Development & Investment Corp. (PCDIC) recently deployed $13 million in New Markets Tax Credit (NMTC) allocation to Child Crisis Arizona, a Mesa, Ariz.-based nonprofit focused on preventing child …
February Update
Home in Five Advantage recently hit a big milestone by providing down payment and closing cost assistance to 25,000 Arizona residents. Launched in 2012 via a partnership between the Phoenix …
January Update
Colin Tetreault, senior manager for Ernst & Young’s Climate Change and Sustainability Services division, was recently appointed to the Phoenix IDA board of directors. Tetreault is an accomplished sustainability business, …
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 …
Phoenix Community Development & Investment Corporation Awarded $60 million New Markets Tax Credit Allocation from the U.S. Treasury
Funds will promote economic and community development in Maricopa county Phoenix Community Development & Investment Corporation (PCDIC) was recently awarded a $60 million New Markets Tax Credit (NMTC) allocation from the …
September Update 2023
The Phoenix IDA recently provided $18.4 million in Multifamily Housing Revenue Bonds in support of Bret Tarver Terrace, a 96-unit affordable housing project that will be constructed on 3.42 acres on …
August Update 2023
“Over the past three years, PCDIC has been awarded a total of $135 million in NMTC allocations that go back into our community in areas that need it the most. …
PCDIC provides $35 million in New Markets Tax Credit Allocation to St. Mary’s Food Bank
Phoenix Community Development & Investment Corporation (PCDIC) recently provided $35 million in New Markets Tax Credit (NMTC) allocation for Phoenix-based St. Mary’s Food Bank, the world’s first food bank, to increase capacity …
July Update 2023
Our team at the Phoenix IDA recently engaged in some productive work sessions to update and improve our mission statement. In the complex world of public finance, it can be …