1. The Phoenix IDA 2012 Arizona Housing Forum October 2-4, 2012 Presentation by: Juan Salgado, Executive Director

2. MISSION STATEMENT To provide community and economic benefits to Phoenix residents through bond financing and other community investments

3. Overview Statutory Powers Mission Statement Bond Projects Programs Bond Proceeds

4. Statutory Powers Incorporated in 1981 as an Arizona nonprofit corporation, by the Phoenix City Council Industrial Development Financing Act – A.R.S. Title 35, Chapter 5 Political subdivision of the State of Arizona

5. Statutory Powers Broad powers, including issuing bonds for specific types of projects as listed below: Educational Facility Bonds Manufacturing Facility Bonds Housing Bonds

6. Statutory Powers Advantages of financing bonds through the Phoenix IDA Does not involve the credit or financial backing of the City of Phoenix No cost to taxpayers Volume cap - out-of-state bonds do not affect the bonding capacity of the City of Phoenix, the Phoenix IDA or any other political subdivision of the state of Arizona Bond proceeds used to support community and economic development projects for Phoenix residents

7. BOND PROJECTS

8. January 2009 to June 2012 Education Facility Bonds$ 490MM Manufacturing Facility Bonds$ 77MM Housing Bonds$ 14MM Total$ 581MM Bond Projects

9. FY2012 Bond Projects (In Millions) Closed7$278 Pending3 95 Total10 $363

10. Bond Projects FY2012 Bond Projects (In Millions) Education Facility Multifamily Housing Closed6 $2641 $14 Pending2 871 8 Total8 $3512 $22

11. PROGRAMS

12. Programs July 2011 – September 2012 Community Banking Community Impact Fund Community-Based Nonprofit Awards – Community Development Fund – Directors’ Community Awards Home in Five Advantage Program Other Investments

13. Programs July 2011 – September 2012 Community Banking Increased investment deposits in Arizona- based banks – Opened 10 new $250K CDs – > $10MM in 15 community banks Goals – Support local banks and local community – Develop banking relationships

14. Programs July 2011 – September 2012 Community Impact Fund $5 million Impact investments Goals Financial and social impact Collaboration with community partners

15. Programs July 2011 – September 2012 Community Impact Fund – Allocations (In Millions) Business Loan Alliance Program$1,000 Collateral Reserve Program 500 Pilot Charter School Pre- Development Loan Program 500 Small Business Loan Participation 250 Downtown Land Purchase 158 Total$2,408

16. Programs July 2011 – September 2012 Business Loan Alliance Program $1 million 1-year pilot: Feb. 2012 - March 2013 Loan participation – 5 investor partners, 3 community banks – Equal loan participation – Buy down interest rates

18. Programs July 2011 – September 2012 Collateral Reserve Program (EXPAND II) $500,000 3-years: July 1, 2011 - June 30, 2014 – Direct administration approved Aug. 2012 Loan collateral support – 25% of loan amount – Maximum $150K Goal: 1 job per $35K support

19. Programs July 2011 – September 2012 Charter School Pre-Dvlpt Loan Program $500,000 1-year pilot: approved June 2012 Arizona Community Foundation - $500K Goal: Assist charter schools with pre- development soft costs – Restrictions: Phoenix IDA bond applicants

20. Programs July 2011 – September 2012 Home In Five Advantage Mortgage Origination Program Raymond James | Morgan Keegan – 5% down payment/closing costs assistance – Special incentives for military and vets $15MM revolving fund Approved: July 12, 2012 Launched: September 4, 2012

22. Other Investments Phoenix Public Market $250K Solar Phoenix $50K Programs July 2011 – September 2012

23. MISSION STATEMENT To provide community and economic benefits to Phoenix residents through bond financing and other community investments