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 …
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 …
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. …
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, …