The city of Phoenix was awarded $2 million from the Federal Transit Administration (FTA). It is part of $14.7 million in grants being distributed to public transit projects throughout the country. The goal is to help out businesses along the proposed path of the new South Central extension.

Moody's Investors Service has assigned Aa1 ratings to Maricopa County Elementary School District. Arizona's School Improvement Bonds are to be issued in the aggregate amount of approximately $68 million. At this time, Moody's affirms the Aa1 rating on the district's outstanding general obligation bonds.

The November 8th general election ballot will include something extra for Tempe residents; a $254 million bond proposal that would fund improvements to streets, parks and several other major areas. The proposal is divided into five questions, allowing voters to endorse some and reject others.

Tucson voters may ultimately decide which is worse — paying for an estimated $1.2 billion in infrastructure repairs or continuing to postpone them. The Tucson City Council will discuss a plan that would ask voters to approve up to $100 million in general obligation bonds funded through increased secondary property taxes and a half-cent increase in the city's sales tax.

The Pinal County Board of Supervisors unanimously approved a motion this week to allow the Maricopa County Industrial Development Authority to finance or refinance a San Tan Valley hospital facility. Banner Health approached the Maricopa County Industrial Development Authority to request issuance of new bonds to refund those issued eight years ago.

Boston Capital announced it is investing $7.1 million in low-income housing tax credit (LIHTC) equity to help rehabilitate Kingman Heights Apartments and Amy Neal Retirement Center, two existing Sec. 8 apartment communities in Kingman, Arizona.

Holliday Fenoglio Fowler, L.P. (HFF) announced that it has arranged a total of $210 million in first lien financing for Westwood Financial Corp comprising 10 multi-tenant retail centers totaling 973,985 square feet in Arizona, California, Kansas, North Carolina and Texas markets.

Join CDFA in New Orleans, Louisiana for the 2016 National Development Finance Summit! Hosted by the Louisiana Public Facilities Authority (LPFA), the CDFA National Summit brings together the leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions.

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