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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August 10, 2023

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 …

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July 15, 2023

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 …

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July 10, 2023

Verma and Ed Pastor Scholarships Awarded

The Phoenix IDA and PCDIC award 2023-24 Verma and Ed Pastor College Scholarships As part of the community-focused missions of both the Phoenix IDA and the Phoenix Community Development & Investment Corporation (PCDIC), the …

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June 15, 2023

June Update 2023

The Phoenix IDA is providing oversight for a collaborative partnership with Aliento and WHEN® Enterprises Corp. (WHEN) to address the critical mental healthcare needs of vulnerable students, educators and staff. …

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May 15, 2023

May Update 2023

The Phoenix IDA recently received an Award of Excellence from the National Association of Local Housing Finance Agencies (NALHFA) for its financing of Soluna II, the first Choice Neighborhoods mixed-income, …

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