May 16, 2024

May Update

The Phoenix IDA and Phoenix Community Development & Investment Corporation (PCDIC) are pleased to share 2023 highlights in the areas of public finance, community investments, homebuyer assistance and special projects. …

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April 24, 2024

April Update

The Phoenix Community Development & Investment Corporation (PCDIC), which is administered by the Phoenix IDA, recently deployed a $15 million New Markets Tax Credit (NMTC) allocation in support of the …

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March 24, 2024

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 …

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February 16, 2024

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 …

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January 23, 2024

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, …

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November 15, 2023

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 …

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October 15, 2023

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 …

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September 29, 2023

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 …

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September 15, 2023

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 …

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August 15, 2023

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. …

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