Attachment A - Phoenix IDA Strategic Planning and Priorities.pdf

City of Phoenix — City Council Policy Session (2024-03-26)

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MEMORANDUM 
DATE: 
March 26, 2024 
TO: 
Mayor Gallego and Members, Phoenix City Council 
FROM: 
Juan Salgado, Chief Executive Officer  
SUBJECT: 
March 26, 2024, Phoenix City Council Policy Presentation 
The Phoenix IDA is pleased to provide the following report to the City of Phoenix City Council.  
This report sets forth the Phoenix IDA’s mission, its accomplishments, support for the City of 
Phoenix, and its priority for 2024. 
ABOUT THE PHOENIX IDA 
The mission of the Phoenix IDA is to provide access to funding to benefit underserved 
communities.  Our vision is to be the premiere nonprofit community investor, known for providing 
the most innovative, efficient and highest quality services, improving the lives of all Arizonans. 
The Phoenix IDA provides public finance options, including bonds, investments and loans to 
projects that benefit the overall health and sustainability of the City of Phoenix and underserved 
communities.  Projects are focused in the areas of housing, healthcare, education, and community 
and economic development. 
Since 2009, the Phoenix IDA has closed more than $3.4 billion in bond transactions, which have 
greatly enhanced communities, particularly in the areas of affordable housing, healthcare, and 
education.  The fees the Phoenix IDA earns from these transactions are invested in the city of 
Phoenix’s residents.  The IDA is self-sustaining through its own efforts and does not rely on 
taxpayer funds. 
Additionally, as the administrator of the Phoenix Community Development & Investment 
Corporation (PCDIC), a nonprofit corporation created by the City of Phoenix, the Phoenix IDA 
continues to expand investments in projects such as health and human services due to multi-
million-dollar federal awards for New Markets Tax Credit financing, which benefit local projects 
in under-resourced areas. 
Attachment A

Page 2 
 
PHOENIX IDA PROGRAMS AND ACCOMPLISHMENTS 
1. 
Bond Financing 
 
Created pursuant to Arizona statute (Title 35), the Phoenix IDA serves as a conduit issuer of private 
activity bonds, which attract private investment to finance projects that provide a public benefit.  
Among several benefits to this form of financing is that most of the bonds issued are tax-exempt, 
resulting in significant interest savings to qualified project borrowers.  As a conduit issuer, the 
Phoenix IDA is not responsible for repayment of the bonds, and neither are the City of Phoenix, 
Maricopa County, or the State of Arizona.  The Phoenix IDA has issued bonds for a broad range 
and scope of borrowers, including educational and healthcare facilities, multifamily housing, and 
nonprofit organizations. 
 
From January 1, 2010, to December 31, 2023, the Phoenix IDA has been involved in 89 
transactions, issuing over $3.39 billion in private activity bonds.  These transactions were in the 
following areas:  Education (62%), Health Care (16%), Community Development (10%), Housing 
(5%), Solid Waste Disposal (5%), and Manufacturing (2%). 
2. 
Homeownership 
Homeownership and access to affordable housing are major priorities for the Phoenix IDA.  The 
Phoenix IDA restarted its Home in Five Advantage program in 2012 to help homebuyers achieve 
the American Dream of homeownership by providing down payment and closing costs assistance.  
The program is co-sponsored by the Maricopa County IDA and assistance is available to 
homebuyers throughout the county, with over 35% of the homes purchased within the City of 
Phoenix.  The Home in Five Advantage program has supported more than 25,000 new 
homeowners in Maricopa County, providing $195 million in down payment assistance and $5.1 
billion in total home loans. 
 
In addition to the Home in Five Advantage Program, the Phoenix IDA invests in and administers 
the Home in Five Platinum program.  In 2023, with City of Phoenix Council approval, and working 
with the Maricopa County IDA, the Phoenix IDA obtained authorization to issue $200 million in 
tax-exempt, single-family bonds to help approximately 570 homebuyers by providing 4% down 
payment and closing cost assistance.  A major advantage of the Phoenix IDA’s separate Home in 
Five Platinum program is making mortgage loans at below market rates.  Thirty million dollars of 
the bonds were issued in late 2023, with another $30 million to be issued this month with a 5.90% 
interest rate.  The plan is to issue the remaining $140 million of bonds later this year, and possibly 
return to the Phoenix City Council before the end of 2024 to seek authorization to issue more of 
these bonds.   
 
3. 
The Phoenix IDA’s Community Investments 
A. 
The Phoenix IDA Community Development Fund 
The Phoenix IDA Board of Directors established the Phoenix IDA Community Development Fund 
in February 2011.  The purpose of the Fund is to invest fees received from past non-Arizona 
transactions and other sources into community projects and programs that benefit and support the 
city of Phoenix residents.  The approved focus areas include affordable

Page 3 
 
 
housing, youth and family development, health innovations, and community/economic 
development. 
 
The Phoenix IDA employs a transparent process, administered by an independent third party, to 
award Community Development Fund grants to the City of Phoenix and qualified nonprofit 
organizations. 
 
As of December 2023, the Phoenix IDA has awarded $1,636,215 in grants to City of Phoenix 
Departments.  These funds were invested in the following areas: 
• Affordable Housing - $160,000 
• Youth & Family Development (Education) - $107,000 
• Community & Economic Development - $1,369,215 
As of December 2023, the Phoenix IDA has awarded $10,303,290 in grants to nonprofits providing 
services for Phoenix residents.  These funds were invested in the following areas: 
• Affordable Housing - $2,145,000 
• Youth & Family Development – (Education) - $3,195,125 
• Community & Economic Development - $4,078,165 
• Health Innovation - $885,000 
 
B. 
Verma & Ed Pastor Scholarship Fund 
The Verma & Ed Pastor Scholarship Fund was created on February 26, 2010.  This approval was 
part of the loan approved to RED Development for the final construction of CityScape.  RED 
Development’s contribution to the Scholarship Fund was part of its Community Impact Plan 
related to the new markets tax credits deployed from the Phoenix Community Development & 
Investment Corporation’s 2008 allocation award.  The Scholarship Fund is part of an expansion of 
educational opportunities for qualified, low- to moderate-income students.  The RED agreement 
called for a $1 million scholarship program to be implemented by the PCDIC.  The Phoenix IDA 
approved its own investment of $500,000 into the Scholarship Fund in November 2020. 
 
As of December 2023, 322 scholarships were awarded to qualifying students attending ASU or a 
Maricopa County Community College.  The total amount of scholarships awarded as of December 
2023 was $1,697,500. 
C. 
Phoenix IDA Additional Investment in Homeownership 
To provide further assistance to homebuyers, the Phoenix IDA’s own investment in the Home in 
Five Advantage Program provides an additional 1% of the first loan amount to community heroes:  
First responders, K-12 teachers, veterans, and U.S. military personnel.  The program also supports 
income-qualified homebuyers earning less than $49,500 annually.  While other programs around 
the country recognize one or more of these groups for additional assistance, none of them provide 
such assistance to all the homebuyers eligible for participation as does the Phoenix IDA Home in 
Five Advantage Program.

Page 4 
 
A total of $3.7 million from the Phoenix IDA’s funds has been provided since 2012 to these groups 
that comprise 7.5% of all homebuyers in the program, with $1.2 million to first responders, 
$800,000 to veterans and U.S. military personnel, $1.5 million to K-12 teachers, and $200,000 to 
income-qualified homebuyers.  In August of 2021, the Phoenix IDA invested its own funds to 
provide an additional 0.5% in assistance to income-qualified homebuyers and those who purchased 
a home in a low-income census tract, providing another $70,000 to those homebuyers. 
 
SUPPORT TO THE CITY OF PHOENIX 
 
1. 
The Phoenix IDA Administers the Phoenix Community Development & Investment 
Corporation (PCDIC). 
 
PCDIC is a community development entity (CDE) whose stated mission is “to attract and provide 
funds for projects that will improve the quality of life of those individuals who live and work in 
underserved areas of the community.”  PCDIC is governed by a 7-member Advisory Board made 
up of low-income community representatives, as defined by the New Markets Tax Credit (NMTC) 
program administrator, the Community Development Financial Institutions (CDFI) Fund, and a 7-
member Board of Directors comprised of representatives from organizations that serve the low-
income community and City of Phoenix executives. 
 
In late 2017, then City of Phoenix Assistant City Manager, Milton Dohoney, approached the 
Phoenix IDA to request that it consider assuming daily management responsibilities of the PCDIC, 
of which the City of Phoenix is the controlling entity, given that the City of Phoenix executive that 
helped establish the PCDIC, Roberto Franco, had retired. 
 
When these conversations began, PCDIC had not received an allocation award of NMTCs since 
the CY2010 allocation round, and the organization needed to go through a rigorous internal 
assessment to determine where any potential areas of improvement existed.  The assessment 
included items such as review and revisions to existing policies and procedures, creation of new 
policies and procedures, analysis regarding how to best reinvest PCDIC’s cash and other resources 
back into the community, and ultimately whether PCDIC could, or should, pursue NMTC award 
allocations. 
 
As a result of these conversations, PCDIC and the Phoenix IDA entered into a Professional 
Management & Organizational Services Agreement effective July 1, 2018.  This agreement is set 
to expire on June 30, 2024. 
 
The current Scope of Services provided by the Phoenix IDA are, in general:  1) Leadership (Chief 
Executive Officer); 2) General administration of PCDIC operations; 3) Board administration 
(Board Member communications and Board Meeting logistics), 4) General PCDIC accounting and 
financial reporting; 5) Oversight of PCDIC’s NMTC program, including preparing and submitting 
NMTC allocation applications and coordination of CDE and sub-CDE compliance and reporting; 
and, 6) Administration of community investments such as PCDIC’s loan fund, scholarship awards, 
and other community investments.

Page 5 
 
A. 
NMTC Awards from US Treasury Beginning as of July 2018 
 
As set forth above, before the Phoenix IDA took over the administration of PCDIC, PCDIC had 
not received an allocation award since 2010.  Since 2018, PCDIC has received a total of $195 
million in NMTC allocation awards: 
 
 Attached as Exhibit A is a detailed summary of PCDIC’s NMTC allocation awards. 
 
B. 
PCDIC Administration and Financial Operations 
 
Pursuant to the Professional Management & Organizational Services Agreement, the Phoenix IDA 
implemented the following changes in PCDIC’s administration and governance:  The Board 
officer election process was updated; an Advisory Board, and Audit Committee were established; 
new governance/administrative policies were created; and PCDIC’s Bylaws and Articles of 
Incorporation were revised.  
 
With the transfer of administrative duties to the Phoenix IDA, several financial policies were 
introduced or significantly updated:  a financial policy, an investment policy, an operating reserves 
policy, a public support policy, a procurement policy, and a community impact investment policy.  
A new accounting system was developed and used to provide clear, transparent reporting to the 
PCDIC’s Board of Directors.  Additionally, funds on deposit were invested to maximize return 
while providing for cash needs. 
 
C. 
PCDIC Programs Administered by the Phoenix IDA 
 
i. 
Affordable Housing  
 
In early 2020, PCDIC committed $5 million from its $25 million Community Impact Investment 
Fund (CIIF) to assist with soft, gap financing loans for multifamily affordable housing projects 
being built within the city of Phoenix.  The plan is to provide up to $1 million per project, and to 
date, a total of $3 million has been funded for Soluna II (City of Phoenix project), Foothills Village 
(City of Phoenix project), and Mesquite Terrace, respectively.  The remaining $2 million (at $1 
million each) is earmarked for Pueblo Apartments and Horizon on Villa, another City of Phoenix 
affordable housing project. 
 
ii. 
Loans   
 
As part of efforts to get more of the PCDIC’s resources out into the community, in March of 2020 
PCDIC’s Board approved a loan participation program whereby PCDIC (through the CIIF), 
purchases a portion (up to 15%) of loans made by community banks in order to encourage them to 
lend within highly distressed areas in Maricopa County.   
iii. 
PCDIC Community Development Fund  
In November 2018, PCDIC’s Board of Directors approved $2 million and guidelines for a 
Community Development Fund administered by ACF.  Pursuant to PCDIC’s policies, grants were 
made to qualified nonprofit organizations located within Maricopa County that primarily serve the 
residents of Maricopa County.  These grants address high-priority needs and make Maricopa 
County communities better places for residents to live and do business.  Grant funding is focused

Page 6 
on four areas:  Affordable Housing, Community/Economic Development, Health Innovations, and 
Youth and Family Development (Education). 
 
As of December 2023, PCDIC’s Community Development Fund issued $5,894,5001  to nonprofits 
providing services for Phoenix/Maricopa County residents.  
iv. 
Verma & Ed Pastor Scholarship Fund  
As set forth above, the Verma & Ed Pastor Scholarship Fund was established by PCDIC’s Board 
of Directors on February 26, 2010.  Like the Phoenix IDA, PCDIC’s Board of Directors approved 
additional funding to the scholarship fund in the amount of $500,000 in November 2020.  
Applicants are selected through the same independent and transparent process described above. 
 
2. 
City of Phoenix Mobile Home Park Closure Emergency Support  
 
The City of Phoenix, through the City Manager’s office, asked the Phoenix IDA for support to 
help families living in three Phoenix mobile home parks that were being closed by the park owners.  
The residents of these parks, which included families, children, veterans and the elderly, faced 
imminent forcible removal, displacement, potential homelessness and the loss of the homes that 
many owned, invested in and enjoyed for decades. 
 
The Phoenix IDA invested its own funds, funds it raised through community partners, and 
American Rescue Plan Act funds received from the City of Phoenix to:   
 
(1) Help city residents avoid or deal with the hardships caused by forcible evictions; 
(2) Preserve affordable housing to meet the demonstrated need of the city’s population;  
(3) Improve the conditions of mobile home parks and increase quality of life for city 
residents; 
(4) Promote the redevelopment of parks into alternative, affordable housing units as 
appropriate; 
(5) Help raise awareness of the need for manufactured housing stock and the vulnerability 
of manufactured home residents. 
 
As a result of the Phoenix IDA’s dedicated and persistent investment of time and resources, the 
Phoenix IDA helped residents of all three parks relocate, remain housed and avoid exacerbation of 
the city’s homelessness crisis. 
 
A. Beacon Park/Las Casitas Mobile Home Park 
 
The Phoenix IDA’s mobile home park closure support initially commenced, at the request of 
former Councilmember Carlos Garcia, as a nimble and necessary intervention of relocation and 
homeless prevention support, with inclusion and community introduction at the Las Casitas Park’s 
closure community meeting hosted by Councilman Garcia on November 7, 2022. 
 
B. Weldon Court Mobile Home Park 
 
The Phoenix IDA’s work at Weldon Court began at the request of Councilmember Laura Pastor.  
Councilwoman Pastor requested that the Phoenix IDA’s subcontracted navigational partner, 
 
1 The Phoenix IDA contributed $1,681,495 of this amount through grants to PCDIC.

Page 7 
Helping Families In Need, support the navigational needs of Weldon Court residents at an in-park 
community closure meeting on November 17, 2022.  
 
C. Periwinkle Mobile Home Park 
 
The Phoenix IDA’s formal inclusion as part of the collaborative workgroup for this park 
commenced on May 23, 2023, with inclusion of the Helping Families In Need navigation team 
and Zazueta Law, PLLC, by invitation from the City of Phoenix Human Services Leadership team, 
to help late navigational intakes who were unserved and unprepared for the rapidly approaching 
June 30, 2023, eviction deadline.  
 
D. Collaborative Team Effort 
 
The Phoenix IDA allocated dedicated leadership staff resources and contracted a team that 
included Zazueta Law, PLLC and a team of ten community health and housing navigators from 
Helping Families In Need. The team collaborated with the City Manager’s Office Leadership, 
Deputy Director Gina Montes, staff from the Office of Homeless Prevention, the City of Phoenix 
Housing and Human Services Departments, Community Bridges Inc., Community Legal Services, 
community activist group leaders, and various community-based organizations.  
 
E. Services and Financial Support 
 
The collaborative workgroup supported each park household through assessment and legal 
navigational needs of the 180-day mobile home park closure notice, mobile home park owner 
negotiations and communications (which included eviction extensions), homeless prevention, 
additional social needs, relocation guidance, and the Arizona Department of Housing (ADOH) 
relocation abandonment fund application process which included coordination of bond and title 
through the Arizona Department of Transportation.  The Phoenix IDA’s team also assisted with 
property tax payments, and income tax coordination for residents required to use an ITIN 
(Individual Taxpayer Identification Number) in lieu of a social security number on ADOH 
abandonment fund applications.  
 
Funds for these comprehensive and sustained services came from the Phoenix IDA’s Emergency 
Mobile Home Fund.  The City of Phoenix also contributed ARPA funds to the effort. 
 
Las Casitas residents utilized approximately $28,000 of the Phoenix IDA’s Emergency Mobile 
Home Fund; Weldon Court residents utilized approximately $13,000; and Periwinkle residents 
utilized approximately $43,000.  The Phoenix IDA’s Emergency Mobile Home Fund was used for 
moving assistance, emergency medical needs, property taxes for abandonment application 
submission, and income tax preparation for activation of ITIN, temporary housing, applications 
fees, deposits, and home repairs for older homes that were relocated.  
 
F. High-Level Outcomes 
 
Over an almost twelve-month period, the cooperative workgroup ensured that all 43 Las Casitas 
Park households (124 City of Phoenix residents) successfully relocated on or before the eviction 
date of October 31, 2023 (original eviction date May 1, 2022, and renegotiated twice by the 
Phoenix IDA leadership team).

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Over an eleven-month period, the cooperative workgroup ensured that all 63 Weldon Court 
households (198 city of Phoenix residents) successfully relocated on or before the eviction date of 
September 30, 2023.  
 
All 26 Periwinkle residents that were assisted by Helping Families In Need and Zazueta Law, in 
coordination with the Phoenix IDA and in cooperation with the larger collaborative workgroup, 
were successfully relocated or obtained temporary housing before the eviction date of June 30, 
2023.  
 
G. Ongoing Commitment 
 
The Phoenix IDA’s commitment to this initiative continues through monthly outreach check-in 
calls with each household, documenting self-sufficiency progress, supporting any post-relocation 
navigational needs in coordination with City Staff and monthly reporting until the Phoenix IDA’s 
agreement with the City of Phoenix concludes in June 2024.  
 
Helping Families In Need’s Monthly Activities Report for March 2024 is attached as Exhibit B. 
3. 
Park Central Hotel 
In 2019, the Park Central Community Facilities District was created for development of a multi-
use residential, commercial and retail project.  Part of this project envisioned the construction of a 
hotel to support the nearby medical campuses and auxiliary facilities.  The Community and 
Economic Development Department brought a proposal to the Phoenix IDA in 2020 to issue tax-
exempt bonds for the financing of the project.  The Phoenix IDA assisted the developer with the 
financing structure, adjusting it over time due to COVID impacts.  Ultimately, the proposal for 
using bonds to finance the development did not result in the needed private investment. 
 
The Phoenix IDA continued to work with the developer on a financing structure that ultimately 
resulted in the Phoenix IDA providing a $6 million dollar loan to support the project.  PCDIC 
made a $10 million investment in the project that includes two Hilton Hotel brands.  Construction 
began in October 2022.  As of the end of 2023, the project was 60% complete and is expected to 
open in September 2024. 
2024 PHOENIX IDA PRIORITY 
A. Affordable Housing Plan 
The City of Phoenix, like many other cities in the country, is facing affordable housing and 
homelessness crises.  The Phoenix IDA will continue to advance all of its programs and services 
that benefit the City of Phoenix and its residents but has made housing initiatives its priority for 
2024.  To that end, the Phoenix IDA developed housing strategies for 2024 consistent with the 
continuum of housing from homelessness to homeownership and including support for the City of 
Phoenix’s Housing Phoenix Plan and the Phoenix Housing Department’s Choice Neighborhood 
projects.  The Phoenix IDA hired a recognized housing expert with City of Phoenix and State of 
Arizona experience to lead its housing initiatives.  The Phoenix IDA’s Housing Plan (the Plan) 
was presented to its Board of Directors, which instructed staff to present the Plan to the Phoenix 
City Council members for comments.

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B. Homeless Assistance 
The Phoenix IDA is partnering in an innovative, quick-occupancy, solar powered solution for the 
homeless in 2024.  “Senior Bridge” is a transitional housing project for homeless seniors utilizing 
repurposed border containers and the latest solar technology to create 40, non-congregate, one-
bed/one-bath units of transitional housing.  The closed-campus project, located at 2853 E. Van 
Buren Street, received a $6 million grant from the Arizona Department of Housing.  Senior Bridge 
will be constructed by Steel & Spark with Mercy House Arizona providing comprehensive wrap-
around services.  Future plans include 50 units of permanent apartment units on the same site for 
homeless seniors who are stabilized and ready to move on from transitional housing. 
 
The Phoenix IDA is also supporting the City of Phoenix and US VETS by funding an on-site 
construction manager at the hotel for homeless veterans on I-17 and Cactus Road, to ensure all 
renovation work performed in the last two years is complete and complies with building codes. 
The Phoenix IDA is also funding comprehensive plumbing and roofing assessments to assist the 
City with a complete scope of additional work required for occupancy.  Lastly, the Phoenix IDA 
is working closely with the Phoenix Housing Department and US VETS to identify additional 
funding opportunities to complete all the work necessary for occupancy and space to provide 
comprehensive services including casework, therapy, classes, and meal preparation. 
C. Affordable Rental Housing 
The Phoenix IDA is financing more 4% Low Income Housing Tax Credit (LIHTC) projects than 
ever before. In 2023, Phoenix IDA staff aggressively pursued two shovel-ready projects in the City 
of Phoenix that were originally submitted in the 9% competitive round, but not awarded tax credits. 
These two projects converted to 4%, and along with five new 4% LIHTC projects will result in 
new affordable housing units. In 2024, the Phoenix IDA will continue to work with affordable 
housing developers to promote the use of 4% LIHTC financing to build more affordable housing 
in the city of Phoenix. 
 
In 2023, the Phoenix IDA facilitated the first sale of excess school district land for the purpose of 
building affordable housing. This land sale was made possible by a partnership with the City of 
Phoenix, Isaac School District, and UMOM, resulting in 96 new affordable housing units for low-
income households. The Phoenix IDA is currently working with the Alhambra and Osborn School 
Districts to complete similar transactions in 2024 and is in conversations with several other school 
districts considering the sale of excess land to build affordable housing.  
 
In support of the City of Phoenix seeking affordable housing development on City-owned land, 
the Phoenix IDA is partnering with developers responding to City of Phoenix RFPs in 2024. The  
Phoenix IDA’s proposed support includes advice, strategic planning, land banking, and financing 
options as requested by the developer and as appropriate for the proposal.  
 
The Phoenix IDA is working with local banks and local developers to finance the construction of 
rental housing for low-income households.  At least two duplex homes will be completed in 2024 
and more are planned with a revolving loan structured by the Phoenix IDA. 
 
D. Homeownership  
 
As set forth above, the Phoenix IDA Board advanced $2 million of its own funds to the Home in 
Five Advantage Platinum Program to provide down payment assistance, with a matching

Page 10 
commitment from Maricopa IDA, for homebuyers purchasing homes, in low-income census tracts 
or earning up to 50% of Area Median Income. 
 
The Phoenix IDA will continue to expand financing options to provide homeownership for low- 
to moderate-income prospective homebuyers, such as Mortgage Credit Certificates and 
homebuyer education through local nonprofits. 
 
E.  Support for the City of Phoenix’s Choice Neighborhoods. 
 
The Phoenix IDA has been committed to the City’s Choice Neighborhoods efforts from the 
beginning.  The Phoenix IDA provided matching funds for the original planning grant for Edison 
Eastlake Choice Neighborhoods as well as acquiring the property for the first housing 
development, Soluna. The Phoenix IDA has and will continue to provide bond financing for the 
development of all subsequent phases of housing development in Edison Eastlake. 
 
In 2024, the Phoenix IDA will be assisting with the new Choice Neighborhoods project that will 
include the Marcos de Niza public housing community. The Phoenix IDA will sponsor and fund 
some of the community meetings and planning exercises necessary to create a neighborhood 
transformation plan to submit to HUD for an implementation grant. Additionally, the Phoenix IDA 
will work closely with the Phoenix Housing Department to identify and purchase land in the 
community that will facilitate future development plans and community redevelopment goals.  
 
CONCLUSION 
 
The Phoenix IDA is fiscally sound, and it maintains the highest level of ethics in all of its 
operations.  It has overcome market conditions to maintain an exceptional, robust organization that 
continues to creatively seek out opportunities that go well beyond the normal operations of most 
industrial development authorities and similar organizations.  The Phoenix IDA is asked to 
intervene and help when other organizations are unable to do so.  The Phoenix IDA is proud to 
support the City of Phoenix and its initiatives and looks forward to receiving the City Council’s 
comments on the 2024 Housing Plan.

Page 11 
 
Exhibit A 
 
PCDIC has received the following NMTC allocation awards: 
 
•  CY2019 = $35 million (deployments:  NOAH – Desert Mission / Universal Health 
Services) 
•  CY2020 = $55 million (deployments:  Valle del Sol / VillageMD / CCA – Wellness Center 
/ Pasqua Yaqui Tribe [$7.5 million from this allocation + $10 million from the CY2021 
allocation]) 
 
•  CY2021 = $45 million (deployments:  Pasqua Yaqui Tribe [as noted in the previous bullet] 
/ St. Mary’s Food bank) 
 
•  CY2020 = $60 million (deployments to date:  NOAH – Palomino, $15 million / CCA – Early 
Childhood, $13 million).  This leaves $32 million yet to be deployed. 
 
PCDIC has closed nine NMTC investments totaling $163 million of allocation for the following 
projects:  
 
Closed   
Allocation 
Amount 
Financing 
Activity 
Closing  
NOAH – Desert 
Mission Health 
Center 
$10.5 
million  
Real Estate  
January 2021 
Universal Health 
Services – Via 
Linda Behavioral 
Hospital 
$24.5 
million 
Real Estate 
April 2021 
Valle del Sol – 
Health Clinics 
$20 
million 
Operating 
Business 
December 2021 
VillageMD – 
Village Medical 
Primary Care 
Clinics 
$12.5 
million 
Real Estate + 
Operating 
Business 
September 2022 
Child Crisis 
Arizona (CCA) – 
Wellness Center 
$15 
million 
Real Estate 
December 2022 
Pascua Yaqui 
Tribe – 
Guadalupe Health 
Care Center 
$17.5 
million 
Real Estate 
March 2023 
St. Mary's Food 
Bank 
$35 
million 
Real Estate + 
Operating 
Business 
August 2023 
NOAH – 
Palomino Health 
Center 
$15 
million 
Operating 
Business 
February 2024 
CCA – Early 
Childhood 
Education 
$13 
million 
Operating 
Business 
February 2024

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Exhibit B 
Helping Families In Need (HFIN) Monthly Report 
(Ending 3/1/2024) 
 
Las Casitas 
Weldon Court 
Periwinkle 
Number of Households Served 
43 
Number of Households Served 
65 
Number of Households Served 
26 
Number of Households Pending 
Assessment 
0 
Number of Households Pending 
Assessment 
0 
Number of Households Pending 
Assessment 
0 
DEMOGRAPHICS 
Total Residents 
124 
Total Residents 
198 
Total Residents 
71 
 
 
 
 
Ethnicity 
American 
Indian/Alaskan Native 
0 
 
 
 
 
Ethnicity 
American 
Indian/Alaskan Native 
0 
 
 
 
 
Ethnicity 
American Indian/Alaskan 
Native 
0 
Asian 
0 
Asian 
1 
Asian 
0 
Black/African American 
0 
Black/African 
American 
0 
Black/African American 
1 
Hispanic/Latino 
124 
Hispanic/Latino 
191 
Hispanic/Latino 
69 
Native Hawaiian/Other 
Pacific Islander 
0 
Native Hawaiian/Other 
Pacific Islander 
0 
Native Hawaiian/Other 
Pacific Islander 
0 
White 
0 
White 
6 
White 
4 
Gender of 
Head of 
Household 
Male 
55 
Gender of 
Head of 
Household 
Male 
110 
Gender of 
Head of 
Household 
Male 
30 
Female 
66 
Female 
88 
Female 
41 
Non-Binary 
0 
Non-Binary 
0 
Non-Binary 
0 
Household 
Composition 
Individuals 
18 
Household 
Composition 
Individuals 
19 
Household 
Composition 
Individuals 
2 
Families 
25 
Families 
46 
Families 
24 
Qualified 
Census Tract 
Yes 
124 
Qualified 
Census Tract 
Yes 
198 
Qualified 
Census Tract 
Yes 
26 
No 
0 
No 
0 
No 
0 
SERVICES 
Housing Navigation 
43 
Housing Navigation 
65 
Housing Navigation 
26 
Case Management 
43 
Case Management 
65 
Case Management 
26 
Rental/Utility Assistance 
43 
Rental/Utility Assistance 
65 
Rental/Utility Assistance 
26 
Resource Referrals 
43 
Resource Referrals 
65 
Resource Referrals 
26 
Health/Mental Health 
12 
Health/Mental Health 
25 
Health/Mental Health 
4 
COVID-19 Assessment/Screenings 
3 
COVID-19 Assessment/Screenings 
6 
COVID-19 Assessment/Screenings 
2 
*Other (legal-abandonment) 
43 
*Other (legal-abandonment) 
65 
*Other (legal-abandonment) 
26  
CASE STATUS 
Households Relocated-Stabilized 
43 
Households Relocated/Stabilized 
65 
Households Relocated/Stabilized 
22 
Households Pending Services (ADOH) 
3 
Households Pending Services (ADOH) 
3 
Households Pending Services (1 relocate 
and 3 post relocate ERA) 
0 
Households Unable to Assist or Vacant 
0 
Households Unable to Assist or Vacant 
0 
Households Unable to Assist or Vacant 
0 
 
*Legal Navigation with need beyond initial intake/overall initial legal assessment pertaining to landlord tenant needs