Beginning in September 2008, under his guidance, the Phoenix IDA became a national leader in issuing private activity bonds. The Phoenix IDA has issued more than $2 billion in bonds for a broad range and scope of projects including schools, healthcare facilities, multifamily housing, and nonprofit
organizations. The Phoenix IDA has also granted and loaned millions to local community-focused organizations, specifically those serving vulnerable populations. The Phoenix IDA has also helped more than 18,000 homebuyers with more than $100 million in down payment assistance across the greater
Phoenix area through its Home in Five Advantage Program.
Prior to joining the Phoenix IDA, Mr. Salgado served as a deputy finance director for the City of Phoenix from 2001-2008. As an executive for the City of Phoenix, Mr. Salgado was responsible for the divisions of inventory management, accounts, tax administration and procurement.
From 1987 through October 2001, Mr. Salgado served in executive positions overseeing community development lending and Community Reinvestment Act compliance for Bank of America, Wells Fargo and First Interstate Bank. During this period, he administered the banks’ national non-profit partnerships with organizations such as the National Community Reinvestment Coalition, Congress of National Black Churches, Inc. and the National Council of La Raza.
Mr. Salgado has received numerous awards throughout his career including the Raúl Yzaguirre Community Leadership Award from Valle del Sol, Top Minority Business Leader by Arizona Business Magazine, the Excellence Award for Leadership from the Council of Development Finance Agencies,
Economic Development Leader of the Year presented by the Arizona Capitol Times, and the Professional Achievement Award from Chicanos Por La Causa.
As a volunteer, Mr. Salgado has served as past chairman and/or president of the American Banker’s Association Community Development Steering Committee (Washington, DC), co-chair of the Fannie Mae National Housing Impact Advisory Council (Washington, DC), Phoenix IDA Board of Directors
and the Phoenix Commission on Housing and Neighborhoods. He has also served as a member of the Arizona Housing Commission’s Task Force on Tax Exempt Mortgage Financing.