Investments

Through various programs, PCDIC invests in the community by supporting nonprofits, small businesses, community-focused organizations, and students across Maricopa county.

Community Impact Loans

In partnership with community lending partners, the PCDIC is offering loans to nonprofit organizations for projects that create a social impact. Loans are generally made to improve the lives of vulnerable populations and underserved communities.

Lending partners include: The Arizona Community Foundation and the Phoenix IDA.

Community Impact Loans strengthen the financial capability of local nonprofits and help bring projects to fruition to achieve a greater impact.

Loan benefits:

  1. Bring financial resources to nonprofits and strengthens Arizona’s nonprofit sector.
  2. Provide access to capital that may not be available or affordable to nonprofits through traditional lenders.
  3. Leverage funds to create a broader community impact.

For more information and to apply for a loan, please contact Juan Salgado at 602-663-9978 or via email at jsalgado@phoenixida.com.

Scholarships

Verma & Ed Pastor Scholarship Goals

The Verma and Ed Pastor Scholarship supports post-secondary education for students with financial need attending an accredited, public college or university in Maricopa county and pursuing any field of study. Students must be enrolled full-time. The scholarship gives preference to high school seniors, first-time college students, and re-entry students ages 26 and younger who currently reside in Maricopa county. This scholarship can be renewed for one additional year (maximum of two awards), if students are in good standing and maintain the required grade point average (GPA).

The Verma and Ed Pastor Scholarship supports post-secondary education for students with financial need attending an accredited, public college or university in Maricopa county and pursuing any field of study. Students must be enrolled full-time. The scholarship gives preference to high school seniors, first-time college students, and re-entry students ages 26 and younger who currently reside in Maricopa county. This scholarship can be renewed for one additional year (maximum of two awards), if students are in good standing and maintain the required grade point average (GPA). 

Scholarship Criteria

  • Be an Arizona resident living in Maricopa county.
  • Be a high school senior, first-time college student or re-entry student up to age 26.
  • Have, and maintain, an unweighted cumulative academic GPA of 2.5 or higher.
  • Demonstrate financial need as determined by the Free Application for Federal Student Aid (FAFSA®).
  • Have been accepted into, or expect to be accepted into, an accredited public college or university in Maricopa county (e.g. Arizona State University or any Maricopa Community College) and be in pursuit of a certificate, associate’s, or bachelor’s degree.

Award Amounts:

Award amounts are $2,500 for one academic year at a 2-year college and $5,000 at a public university

Apply online

Applications now open through May 1, 2022

To apply and for more information, please visit: https://azfoundation.org/scholarships.

Sponsored by the Phoenix IDA & PCDIC

COVID Relief

From the start of the COVID-19 pandemic, the Phoenix Community Development & Investment Corporation (PCDIC) began directing funds to offer relief across the Valley. PCDIC’s goal was to lend and invest in the highest impact areas to reach those in need including individuals, families, business owners, and nonprofit organizations. Funding also went one step further – to focus relief in the most economically-distressed communities.

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