PUBLIC NOTICE


NOTICE IS HEREBY GIVEN THAT
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.

Arizona IDA

The Arizona IDA

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.

The Arizona IDA was created pursuant to A.R.S. §35-701 – 733 (the “IDA statute”). 

    • The Arizona IDA itself has no taxing power and does not have the power to pledge the general credit or taxing powers of the State of Arizona.
    • The Arizona IDA does not pledge general credit for the repayment on any Arizona IDA conduit revenue bonds. Repayment on the Arizona IDA issued bonds comes solely from the collateral and pledged revenue of each bond issuance.
    • The Arizona IDA is a “conduit issuer” and is empowered to issue its bonds to provide funds for the financing or refinancing of the costs of the acquisition, construction, improvement, equipping or operating of a “project,” as defined in the IDA statute.
    • Except for certain housing bond issues, pursuant to the IDA statute, the Arizona IDA can issue its bonds for any eligible project within or without the State of Arizona. 

Management and Board of Directors

The Arizona IDA is proud to have a highly qualified Management team and Board of Directors, with diverse business backgrounds in banking, finance, housing, and community programs. We invite you to learn more about the accomplished members of our team by clicking on the link below. Thank you for your interest in the Arizona IDA.

Meetings Arizona IDA

Meetings with the Arizona IDA

The Board of Directors of the Arizona IDA typically meet on the third Thursday of each month, starting at 4:00 pm with the meeting of the Arizona Finance Authority commencing directly thereafter.

For information regarding upcoming and past meetings, including agendas and minutes, click the link below.

Arizona IDA Bond Issues

The Arizona IDA is a conduit issuer and does not monitor operations of the projects it finances.  As a rule, a bond trustee or fiscal agent keeps the books related to each project and the borrower/operator are responsible for operations/management.  

– – – – –

The Arizona IDA is a conduit issuer of revenue bonds and none of the Arizona IDA, the Board of Directors, State of Arizona, its Legislature, or the Arizona IDA’s counsel is acting or will act as a municipal advisor, financial advisor or fiduciary to any other party involved in the issuance of any Bonds. The Arizona IDA will not provide any advice or recommendation to any Borrower or anyone on a Borrower’s behalf regarding the “issuance of municipal securities” or any “municipal financial product” and no information found on this website (or any linked website) shall be interpreted to the contrary. The Arizona IDA is not registered as a municipal advisor and does not intend to so register.

ProjectAZ/NATPurposePrincipalClosing DateFiscal Year
Kaizen Education Foundation AZEducation $ 31,675,000 12/21/20162017
Synergy Public School AZEducation $ 5,000,000 1/30/20172017
BASIS Schools 2017 AB AZEducation $ 75,960,000 2/2/20172017
Kingman Regional Medical Center I AZHealthcare $ 20,000,000 3/31/20172017
Daisy Education Corporation, 2017AZEducation $ 21,000,000 4/6/20172017
American Charter School Foundation, 2017AZEducation $ 73,390,000 5/9/20172017
Academies of Math & Science, 2017A&BAZEducation $ 31,185,000 7/6/20172018
Franklin Phonetics AZEducation $ 6,715,000 7/12/20172018
Sonoran Science Academy Broadway AZEducation $ 5,700,000 7/28/20172018
Bridgewater at Avondale AZMultifamily $ 26,580,000 9/14/20172018
BASIS 2017 CDE AZEducation $ 43,715,000 10/17/20172018
Montessori Academy, Inc. AZEducation $ 6,290,000 11/16/20172018
Odyssey Preparatory Academy Project, Series 2017A&B AZEducation $ 45,565,000 11/29/20172018
Arizona Agribusiness Equine Center AZEducation $ 23,995,000 12/14/20172018
BASIS 2017 FG AZEducation $ 57,455,000 12/21/20172018
Leman Academy, 2017AZEducation $ 32,745,000 12/27/20172018
Summit Christian Academy (MO) NATEducation $ 7,100,000 12/28/20172018
Kingman Regional Medical Center II AZHealthcare $ 20,000,000 12/29/20172018
Tucson Medical Center AZHealthcare $ 15,000,000 12/29/20172018
Academies of Math & Science, 2018AAZEducation $ 24,865,000 1/24/20182018
BASIS Schools 2018 Taxable (LA) NATEducation $ 16,295,000 3/16/20182018
Provident - EMU (MI) NATEducation $ 59,320,000 4/24/20182018
Legacy Las Vegas (NV)NATEducation $ 26,440,000 4/26/20182018
Copper Cove AZMultifamily $ 23,794,000 5/16/20182018
Provident - EMU Refunding (MI) NATEducation $ 62,065,000 7/19/20182019
ACCEL, 2018A&B AZEducation $ 14,730,000 8/24/20182019
Franklin Discovery (UT)NATEducation $ 12,420,000 10/17/20182019
Daisy Education Corporation, 2018AZEducation $ 7,400,000 11/15/20182019
Academies of Math & Science, 2018BAZEducation $ 45,065,000 11/28/20182019
Pinecrest Academy - Sloan Canyon (NV) Series 2018NATEducation $ 35,000,000 11/28/20182019
Windsong AZMultifamily $ 25,480,000 12/3/20182019
Vaseo AZMultifamily $ 130,000,000 12/13/20182019
Pinecrest Academy - 3 Schools (NV)NATEducation $ 42,300,000 12/19/20182019
AIDS Healthcare Foundation (CA) NATHealthcare $ 21,930,000 12/20/20182019
Mater Academy of NV-Mtn. Vista Campus, 2018A&BNATEducation $ 14,630,000 12/20/20182019
Morgan Stanley Pool I AZ+Governmental $ 115,552,047 12/20/20182019
Arizona Montessori Caurus Academy AZEducation $ 20,710,000 12/28/20182019
Empower AZEducation $ 17,265,000 3/22/20192019
Provident - Great Lakes Senior Living (MI OH)NATMultifamily/Hlth $ 380,185,000 3/28/20192019
Dove Mountain Sr Living Proj Series 2019BAZMultifamily $ 32,000,000 3/29/20192019
Elevate Housing Foundation (IL IN)NATMultifamily/Hlth $ 31,180,000 4/2/20192019
Provident - Harlingen (TX)NATCommercial $ 32,000,000 4/16/20192019
Kaizen II AZEducation $ 12,656,456 4/18/20192019
Doral Academy (NV), 2019A&BNATEducation $ 49,855,000 4/24/20192019
Somerset Academy (NV), 2019A&BNATEducation $ 13,335,000 4/25/20192019
Learning Foundation CAFA AZEducation $ 27,860,000 4/30/20192019
PHX Children's Hospital 2019A&B AZHealthcare $ 159,250,000 5/14/20192019
ATAX/Avalon - Certificates (Classes A and B), 2019-1AZ+Multifamily $ 16,364,977 5/20/20192019
Skyline Education - Series 2019A&B AZEducation $ 18,115,000 6/7/20192019
Provident - NCCU (NC)NATMultifamily $ 109,405,000 6/20/20192019
Harvest Gold AZManufacturing $ 22,040,000 7/18/20192020
Pan-American Series 2019A&BAZEducation $ 31,695,000 7/25/20192020
University of Indianapolis-Health Pavilion, 2019A&BNATHealthcare $ 15,320,000 8/27/20192020
Equitable School Revolving Fund 2019AZ+Education $ 92,715,000 8/29/20192020
James Irwin Ed Foundation (CO) - Loan in ESRF 2019NATEducation $ 24,580,312 8/30/20192020
Leman/TucsonAZEducation $ 53,455,000 9/25/20192020
Odyssey Preparatory Academy Project, Series 2019AZEducation $ 45,080,000 9/25/20192020
Leman/Parker (CO)NATEducation $ 33,505,000 10/1/20192020
Citi Muni Certs 2019-2AZ+Multifamily $ 312,703,783 10/24/20192020
Arizona Christian University, 2019A&BAZEducation $ 24,960,000 11/21/20192020
Mizuho - RosemawrAZEducation $ 450,000,000 11/22/20192020
Solterra - La ChollaAZMultifamily $ 18,500,000 11/22/20192020
Dominium - Legends of MesaAZMultifamily $ 51,650,000 11/27/20192020
Academies of Math & Science, 2019AZEducation $ 41,680,000 12/12/20192020
Mizuho - RosewoodNATHealthcare $ 115,400,000 1/31/20202020
Candeo AZEducation $ 19,600,000 2/13/20202020
A+ Charter, 2020AZEducation $ 11,300,000 2/14/20202020
Pinecrest Academy - Cadence (NV)NATEducation $ 42,365,000 2/27/20202020
Voyager Foundation, Inc. Project Series 2020AZEducation $ 28,545,000 3/2/20202020
Skyline Education - Series 2020 AZEducation $ 27,305,000 3/5/20202020
Lincoln South Beltway Project (NE)NATInfrastructure $ 236,800,000 4/9/20202020
Morgan Stanley CLN IAZ+Governmental $ 470,000,000 5/4/20202020
Chandler VillageAZMultifamily $ 25,000,000 6/4/20202020
Arizona School for the Arts, 2020AZEducation $ 8,536,764 6/29/20202020
Canterbury House (KY)NATMultifamily $ 12,565,000 7/9/20202021
Parker Perf Arts (CO)NATEducation $ 20,635,000 7/16/20202021
Legacy Cares AZCommercial $ 250,770,000 8/20/20202021
PHX Children's Hospital 2020AAZHealthcare $ 244,995,000 8/20/20202021
Equitable School Revolving Fund 2020AZ+Education $ 122,710,000 8/27/20202021
Linder Village (ID)NATCommercial $ 28,515,000 9/2/20202021
Children's National Prince George's County RMCNATHealthcare $ 52,620,000 9/9/20202021
Pensar Academy, 2020AZEducation $ 7,180,000 9/16/20202021
Maricopa PorfolioAZMultifamily $ 48,000,000 9/18/20202021
Mizuho - AEP Charter PoolAZ+Education $ 182,425,000 9/22/20202021
American Charter School Foundation, 2020 AZEducation $ 6,935,726 10/13/20202021
Doral Academy (NV), 2020A&BNATEducation $ 13,840,000 10/14/20202021
Mater Academy of Nevada - Bonanza Project 2020ANATEducation $ 15,235,000 10/22/20202021
Mizuho - FP Solar PoolAZ+Commercial $ 250,500,000 10/27/20202021
Pinecrest Academy - Sloan Canyon (NV) 2020A-1&2,BNATEducation $ 53,335,000 10/28/20202021
AZ3 Community PartnersAZMultifamily $ 33,136,000 12/22/20202021
Mizuho - White OakNATHealthcare $ 575,000,000 2/24/20212021
Western SunAZMultifamily $ 11,906,000 3/18/20212021
Self Development Academy-Phoenix Project, Series 2021AZEducation $ 5,285,000 3/24/20212021
Vistabella AZMultifamily $ 7,510,256 3/31/20212021
Kachina GardensAZMultifamily $ 5,097,000 4/21/20212021
Dominium - Vista RidgeAZMultifamily $ 58,000,000 4/23/20212021
Somerset Academy (NV), 2021A&BNATEducation $ 33,475,000 5/4/20212021
GreatHearts, 2021A&BAZEducation $ 59,020,000 6/10/20212021
Legacy Cares II AZCommercial $ 33,000,000 6/16/20212021
Heritage Academy AZEducation $ 69,450,000 7/28/20212022
Colorado Military Academy (CO)NATEducation $ 18,697,114 7/29/20212022
Mizuho - White Oak II NATHealthcare $ 675,000,000 8/3/20212022
CSREH Charter 749 Main/DuBois Acad 2021 (GA)NATEducation $ 8,000,000 8/20/20212022
Doral Academy (NV), 2021A&BNATEducation $ 21,710,000 8/24/20212022
KIPP NYC (NY)NATEducation $ 238,500,000 8/26/20212022
Provident - Great Lakes II (MI OH)NATMultifamily/Hlth $ 19,560,000 8/31/20212022
Kingman Regional Medical Center III AZHealthcare $ 30,000,000 9/28/20212022
Equitable School Revolving Fund 2021 AZ+Education $ 144,220,000 10/20/20212022
PHX Children's Hospital 2021AZHealthcare $ 150,370,000 11/3/20212022
REE - Copa FlatsAZMultifamily $ 46,000,000 12/15/20212022
Dominium - Avaria FlatsAZMultifamily $ 61,400,000 12/22/20212022
Las Terrazas AZMultifamily $ 6,520,000 1/12/20222022
CSC Ohio Charter Schools Portfolio Taxable Series 2022NATEducation $ 13,295,000 2/18/20222022
Vista College Prep, 2022AZEducation $ 19,879,787 2/18/20222022
NewLife Forest, 2022A&BAZManufacturing $ 199,691,759 2/24/20222022
Ball Charter School, 2022 AZEducation $ 10,980,000 3/24/20222022
Dominium - Avaria Flats II AZMultifamily $ 48,505,000 3/30/20222022
Dominium - Casa Azure AZMultifamily $ 59,828,000 3/30/20222022
Calibre AcademyAZEducation $ 13,405,000 4/14/20222022
Pinecrest Academy (NV), 2022A&BNATEducation $ 26,485,000 4/19/20222022
Leman Mesa, 2022A,B,&C AZEducation $ 79,765,000 4/20/20222022
Southwest Behavioral Health AZHealthcare $ 10,000,000 5/23/20222022
Academies of Math & Science, 2022AZEducation $ 6,970,000 5/25/20222022
OneBlood (NC)NATHealthcare $ 10,200,000 6/24/20222022
Bethany GlenAZMultifamily $ 43,747,666 7/29/20222023
KIPP Nashville (TN), 2022A&BNATEducation $ 22,245,000 8/10/20222023
PHX Children's Hospital 2022AAZHealthcare $ 70,920,000 8/25/20222023
Equitable School Revolving Fund 2022AZ+Education $ 153,525,000 8/30/20222023
Salt River FlatsAZMultifamily $ 47,000,000 9/14/20222023
Greenville University Std Hsg and Athl FacsNATEducation $ 35,485,000 9/29/20222023
PHX Children's Hospital 2022BAZHealthcare $ 20,000,000 10/18/20222023
Roers - Solana VillasAZMultifamily $ 33,000,000 10/25/20222023
REE - Agave HouseAZMultifamily $ 40,000,000 12/8/20222023
Roers - Mesa VistaAZMultifamily $ 45,000,000 12/29/20222023
Academies of Math & Science, 2023AZEducation $ 15,705,000 1/18/20232023
Benjamin Franklin AZEducation $ 17,755,000 1/25/20232023
KIPP Nashville 2023 (TN)NATEducation $ 50,000,000 3/9/20232023
Gorman - Centerline IAZMultifamily $ 35,000,000 3/21/20232023
Gorman - Centerline IIAZMultifamily $ 35,000,000 3/21/20232023
Arizona Retirement Home of ScottsdaleAZMultifamily $ 8,049,000 7/14/20232024
Dominium - Estrella SpringsAZMultifamily $ 96,000,000 7/27/20232024
Dominium - Suncrest Vista AZMultifamily $ 60,300,000 7/27/20232024
Roers - Maricopa - AltoAZMultifamily $ 45,000,000 9/8/20232024
Rehrig Pacific CompanyAZManufacturing $ 20,000,000 9/14/20232024
Mercy - Glendale SeniorAZMultifamily $ 33,422,000 9/29/20232024
Dominium - Marana Family - The SaffordAZMultifamily $ 49,000,000 10/10/20232024
Overland FlatsAZMultifamily $ 45,000,000 10/16/20232024
Waterman Senior ApartmentsAZMultifamily $ 40,000,000 10/16/20232024
Ulysses - Dahlia Village AZMultifamily $ 24,512,000 10/19/20232024
Mercy - Western WindsAZMultifamily $ 9,000,000 10/31/20232024
Lincoln Avenue Capital - Cottonwood RanchAZMultifamily $ 72,355,000 12/14/20232024
Equitable School Revolving Fund - 2023AZ+Education $ 280,000,000 12/19/20232024
Mirabella at ASUAZMultifamily $ 30,410,000 12/20/20232024
Roers - Flagstaff - Sierra on 66AZMultifamily $ 72,235,000 12/21/20232024
Dominium - Glendale Family - 67 FlatsAZMultifamily $ 121,000,000 12/28/20232024
Dominium - Juniper SquareAZMultifamily $ 72,000,000 12/28/20232024
TWG Unity at West GlendaleAZMultifamily$ 19,382,0002/22/20242024
TWG Unity at West GlendaleAZMultifamily$ 19,382,0002/22/20242024
Related Co. - Hacienda Del RioAZMultifamily$ 34,000,0004/12/20242024
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