The Pima Tucson Homebuyer's Solultion Program was launched in 2012 by two local nonprofits and Housing Finance Agencies to help addressing housing affordability for Pima County and City of Tucson residents. Since that time we have done over $1 billion dollars in reservations and helped over 6,000 families achieve homeownership.
Letter from the IDA's
Homeownership is one of the most important financial decisions that many families can make. For many families, it represents not only the safety and security in the short term, but also a path towards building generational wealth. We are proud to have helped over 6,000 families realize that goal. We also believe that our program success is due to the incredible partners and team members that are here to serve our homebuyers, lenders, and stakeholders. They are driven by the common goal of building strong communities!
-- Industrial Development Authorities of Tucson and Pima County
Pima Industrial Development Authority
The continued purpose of the Pima IDA is to foster affordable housing, generate economic development within Pima County and improve the standard of living for Pima County residents.
Industrial Development Authorities in Arizona are authorized to be created under the Arizona Revised Statutes, particularly Section 35-701, et seq. (the "IDA Act"). Specifically in IDA Act Section 35-702, an Industrial Development Authority in Arizona can be created by a governing body by resolution and "shall be a political subdivision of the state and have only such governmental powers as are set forth in this chapter, in chapter 6 of this title and the power to enter into intergovernmental agreements in accordance with Title 11, Chapter 7, Article 3". An Industrial Development Authority's ability to finance activities designed to provide housing such as the financing of single family mortgage loans and the acquisition, construction and/or renovation of residential real property is further contained in the IDA Act.
The Industrial Development Authority of the County of Pima (the "Pima IDA") was created by a resolution of the Board of Supervisors of Pima County on September 5, 1972, which resolution has not been repealed, and each member of the Board of Directors of the Pima IDA is appointed by the Board of Supervisors of Pima County, again pursuant to the IDA Act.
The Industrial Development Authority of the City of Tucson, Arizona (the "Tucson IDA") was created by a resolution of the Mayor & Council of the City of Tucson on January 15, 1979 and each member of the Board of Directors of the Tucson IDA is appointed by the Mayor & Council of the City of Tucson, again pursuant to the IDA Act.
The Pima IDA and the Tucson IDA each has the ability to finance activities designed to provide housing and related facilities.
Pursuant to 24 CFR 266.5, a "Housing Finance Agency" ("HFA") means any public body, agency, or instrumentality created by a specific act of a state legislature or local municipality empowered to finance activities designed to provide housing and related facilities, through land acquisition, construction, or rehabilitation. As noted above, as an entity created by Pima County and authorized by Arizona statute, the Pima IDA qualifies as a HFA pursuant to 24 CFR 266.5. Similarly, as an entity created by the Mayor & Council of the City of Tucson and authorized by Arizona statute, the Tucson IDA qualifies as a HFA pursuant to 24 CFR 266.5.
This program would not be possible without the help of our program partners who work tirelessly to help support aspiring homeowners in our community.
General Program Inquiries:
Approved Lender Technical Assistance:
If you are homebuyer, realtor, or lender looking for general information about this program, our team is available to assist you in getting involved with the program.
DeDe Cross, Stifel
As an approved lender, you may have more specific technical assistance questions as you implement the program. Use the below directory to find the right team member to get the support you need.
Loan Processing Questions:
Sally Mazzol, US Bank
17500 Rockside Road
Bedford, OH 44146