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Chandler Industrial Development Authority

Application  I   Procedural Pamphlet   I   Info Sheet 

The Chandler Industrial Development Authority (CIDA) provides tax-exempt financing through industrial revenue bonds for the financing or refinancing of the cost of acquisition, construction, improvement, rehabilitation or equipping of a project.

In addition, the CIDA also provides a Chandler Collateral Assistance Program (CCAP) for local businesses seeking loans. Learn about this program.

Generally speaking, the proceeds of the bonds can be used for either the purchase or lease of land, buildings, machinery or equipment, which is suitable for:

Industrial Projects
  • Manufacturing, processing or assembly
  • Warehousing, distributing or selling of industrial, agricultural or mining products
  • Buildings that serve as company headquarters or regional offices
  • Adaptive reuse for offices of buildings listed on the National Register of Historic Places
  • Healthcare institutions as defined in Arizona Revised Statutes
  • Convention or trade show facilities
  • Facilities for airports, commuting, parking or related training
  • Facilities for solid waste or sewage disposal, electric energy, gas or water
  • Industrial park facilities
  • Air or water pollution control facilities
  • Research and development facilities
  • Select commercial enterprises located in a designated redevelopment area
  • Certain transportation
Housing Projects
  • Single family owner-occupied housing
  • Multifamily rental housing, with a portion reserved for low and moderate income persons
  • Rehabilitation of residential buildings located in a registered historic neighborhood
  • Certain child welfare agencies owned and operated by a nonprofit organization
  • Educational institutions operated by a nonprofit organization, which is nationally accredited and not funded by state monies or any educational institution established under Arizona law as a charter school and owned by a nonprofit organization
  • Museums operated by a nonprofit organization. - Facilities owned or operated by a nonprofit organization that is primarily engaged in delivering community services on that property consisting of fitness programs, camping programs, health and recreation services, youth programs, childcare, senior citizen programs, individual and family counseling, employment and training programs, service for individuals with disabilities, meals, feeding programs or disaster relief
The CIDA is a “conduit” lender. It does not directly loan its own funds, but rather, “passes funds through” from third parties that purchase the CIDA’s bonds and loan them to the CIDA’s borrowers. Under the Internal Revenue Code, interest paid on these qualified loans is, generally speaking, excluded