

Arizona Industrial Development Authority
We support and uplift residents and communities throughout the State of Arizona by cultivating partnerships, connecting resources, and facilitating private sector capital for the development of projects that provide long-term economic benefits and increased opportunities for urban, rural, and tribal Arizonans.
LETTER FROM THE ARIZONA IDA BOARD VICE PRESIDENT
The Arizona IDA:
Partnering with Tribal Nations for Strategic Growth
Arizona’s 22 federally recognized tribes, whose homelands comprise over a quarter of the state’s territory, are vital to its landscape and economy. Traditionally, these tribal communities have relied heavily on federal funding for economic and community development. However, recent significant shifts in the administration of federal funding present a timely opportunity for improved collaboration between state and tribal leaders to diversify financing sources.
The success of the Mortgage Revenue Bond (MRB) program and its down payment assistance initiatives in helping moderate-income families secure affordable home loans underscores a proven financial model. With recent administrative changes positioning the MRB program for tribal citizens, there is substantial potential to replicate this success within tribal communities.
The Arizona IDA’s Conduit Bond financing represents an area where tribes may benefit more than in previous years. The Arizona IDA recently approved financing to support the expansion of Sage Memorial Hospital on the Navajo Nation. This move exemplifies innovative financing solutions and sets the stage for broader strategic partnerships that drive economic growth and community development on tribal lands.

David N. Castillo
Arizona IDA Board Vice President
CEO, Native Community Capital
NAVAJO HEALTH FOUNDATION
– SAGE MEMORIAL HOSPITAL –
The Arizona IDA was proud to be the conduit bond issuer for the $177M expansion of the Sage Memorial Hospital in Ganado, Arizona. The City of Ganado falls within the Arizona portion of the Navajo Nation. Sage Memorial Hospital is a Native American-operated hospital serving the Navajo Nation chapters and communities of Ganado, Steamboat, Klagetoh, Wide Ruins, Greasewood Springs, Cornfields, Kinlichee, and Nazlini.

Sage Memorial Hospital in Navajo Nation constructs new facility to improve health care.

GANADO – Desert stretches out around the little town of Ganado, which sits in the western part of the 27,000 square miles of the Navajo Nation.
Ganado is home to Sage Memorial Hospital, a Native-managed comprehensive health care system serving thousands of people in surrounding Navajo communities. The medical facility has operated out of its current facilities since 1930. Back then, the outpatient building, Poncel Hall, was home to the first Native American nursing school.
Now, 93 years later, Sage Memorial Hospital has built a 95,614-square-foot state-of-the-art hospital that is more than twice the size of the original hospital and will significantly increase patient capacity.
This ambitious endeavor aspires to provide better, more advanced health care to the Navajo Nation, but equally important is Sage Memorial’s mission to incorporate and honor the traditions of the Diné, the name that Navajo people use for themselves.
The hospital’s core values have been kept in the Diné language: bee łá’í ‘dlį, meaning togetherness and unity; hodílzin, meaning sacred; hózhó, meaning beauty and balance; and ił’ílį, meaning respect.
Navajo Health Foundation – Sage Memorial Hospital is a private nonprofit corporation governed by an all-Navajo board of directors. The new facility is entirely self-funded by Sage Memorial Hospital and is slated to open this fall.
Melinda White, the hospital’s CEO, anticipates enormous benefits to the Navajo community.
“We want to be the best rural health facility,” White said. “The space we’re currently at is very tight, and we’re not able to see as many patients as we would like. And in the new building, because there’s a lot more space, we’re able to have a higher patient volume.”
HUD SECTION 184 TRIBAL HOME LOANS

On March 1, 2025, the Arizona IDA expanded its homeownership program to include HUD Section 184 Tribal Home Loans.
Section 184 loans are reserved for members of Native American and Alaskan tribes who are an enrolled member of a Federally Recognized Tribe. These loans have a lower down payment requirement, 2.25% and carry lower monthly and upfront mortgage insurance than other programs. The Arizona IDA will offer 4% down payment assistance on our new HUD Section 184 Tribal Home Loans.
“I received valuable input and feedback from multiple parties during the implementation of this product”, stated Arizona IDA Executive Director Dirk Swift, “and I would like to specifically thank Tess Sage-Robinson for her help, she is a true leader in the tribal lending space”.
OTHER HOUSING NEWS “GROUND BREAKINGS”

Maricopa County celebrates new affordable housing community in Buckeye

PHOENIX — Maricopa County representatives on Thursday commemorated the grand opening of an affordable housing development in Buckeye, according to a press release.
Solana Villas, which consists of 200 one-to-three bedroom units, is accepting applications from individuals with an income at or below 60% of the county’s Area Median Income (AMI).
The new apartment complex is located just west of Buckeye Union High School at 25201 W. MC 85.
Rental units range from 707-1,207 square feet and feature pre-installed essentials like a dishwasher, microwave, refrigerator and oven. Other unit offerings are central air conditioning and walk-in closets, according to the press release.
Maricopa County District 5 supervisor Steve Gallardo said the addition of more affordable housing was “a major win.”
“It’s more than just a new community — it shows the (Maricopa County) Board’s commitment to meeting the affordable housing needs of county families in rapidly expanding areas,” Gallardo said in the release. “This project represents our ongoing dedication to ensuring everyone has access to an affordable place they can call home.”
Externally, the Buckeye rental community has the following facilities for its incoming members: a clubhouse, centralized laundry area, fitness center, several picnic areas, electric charging car ports, a swimming pool and free Wi-Fi across common lodging spaces.
Solana Villas was a byproduct of a $2 million federal investment via the American Rescue Plan Act. The rental community is one of four active projects being spearheaded by Minnesota-based company, Roers Cos.

Local officials celebrate opening of Glendale affordable housing project.

GLENDALE, AZ — Local officials are celebrating the opening of a new affordable housing community in Glendale.
The Centerline on Glendale has 368 units of multi-family housing and will include a community kitchen, increasing accessibility to food in the area.
It’s part of Maricopa County’s $500 million effort to make housing more accessible in the Valley. American Rescue Plan Act funds also helped put the project in motion.
Arizona Governor Katie Hobbs, Mayor Jerry Weiers, and other city leaders attended a grand opening ceremony at 10 a.m. on Thursday.
Other affordable housing facilities, Solana Villas, opened in late February in Buckeye, and Acacia Heights II also recently opened in Phoenix.