the members of the Arizona Industrial Development Authority (Authority) have been invited to the Arizona is Home Press Conference.

Thursday, April 11, 2024
10:00 – 11:00 a.m.

1028 E Pierce St
Phoenix, Arizona 85006

While a quorum of the Authority may be in attendance at this event, the members of the Authority will not engage in any deliberations, decisions, or other legal action of the public body.

Create Opportunity

Welcome to the Arizona Industrial Development Authority.

Financing for New Affordable Housing Developments Approved in Goodyear, Arizona - Arizona IDA.

Our Mission

OUR MISSION: To promote industry and develop trade. To assist financially and otherwise in the rehabilitation, expansion, and development of all types of commercial enterprises which will:

  • promote and assure job opportunities,
  • an improved standard of living, and
  • an increase in prosperity and health for the residents of the State of Arizona.

The Arizona Industrial Development Authority (Arizona IDA) is a nonprofit corporation and political subdivision of the State of Arizona. We meet our strategic objectives by:

  • Providing access to capital. The Arizona IDA is a conduit issuer of municipal revenue bonds with the ability to assist private and public borrowers across the country. Working with the Arizona IDA, applicants for financing often find they can substantially reduce borrowing costs for their most important projects. The proceeds of these revenue bonds may be used for a variety of commercial enterprises, and the interest on the bonds may be exempt from federal income taxation (consult your tax lawyer). In Arizona, interest on bonds issued by the Arizona IDA is presently exempt from state income taxation. Lower financing costs for commercial enterprises by improving access to the capital markets provides increased liquidity, efficiency, and economies of scale.

  • Making single-family housing more affordable for low and moderate-income families. By developing, implementing, and promoting the best single-family mortgage down payment assistance program in the country, the Arizona IDA’s HOME+PLUS Home Buyer Down Payment Assistance Program, providing eligible credit-worthy applicants a 30-year fixed-rate mortgage combined with down payment assistance (DPA) ranging from 0% – 5% depending upon the new underlying first mortgage. The DPA can be used toward a down payment, closing costs, or a combination of the two.

Priorities of the Arizona IDA


Over 6,100 affordable housing units have been created or preserved, and over 36,000 new homebuyers have been helped.


The Arizona IDA is known for providing leadership and support in funding crucial healthcare projects throughout Arizona.

Why Choose The Arizona IDA?


The Arizona IDA is governed by a group of skilled professionals with exceptional business leadership abilities. With over 100 years of expertise across taxable and tax-exempt bonds, mortgage banking, municipal finance, affordable housing initiatives, economic development and legal our professionals provide valuable and pragmatic insight to our clients.


The Arizona IDA will work with public and private entities, cities, counties, and tribes to increase access to the municipal bond market and accelerate economic development with financing programs. The use of tax-exempt bonds to finance a project may provide a lower interest rate and reduce the borrower's finance costs, enhancing the projects appeal to investors.


The Arizona IDA is authorized to issue bonds for standalone or multi-jurisdictional projects. We do not maintain a list of preferred finance professionals and will work with each borrower’s finance team to satisfy the requirements of the government approval process, including local TEFRA approval and securing volume cap when applicable.