PHOENIX, AZ — The Council of Development Finance Agencies (CDFA) has presented Juan Salgado, executive director of the Phoenix IDA, with its Excellence Award for Leadership.
CDFA is a national association, based in Columbus, Ohio, dedicated to the advancement of development finance concerns and interests.
“Each year, the CDFA is proud to honor excellence in development finance. The work of our award winners is cutting-edge, innovative and an example of best practices in our industry,” said Toby Rittner, CDFA President & CEO.
Salgado has more than three decades of experience in community development, public finance and affordable housing. He has a national reputation in developing creative financing structures that resulted in jobs, housing and community development in traditionally underserved markets. Salgado is highly respected for his leadership in bringing public and private entities together to address issues in education, housing, and employment for poor communities.
“Mr. Salgado has served as the executive director of the Phoenix IDA since 2008, and his leadership has helped shape the authority into a national leader in issuing private activity bonds,” according to the CDFA.
Under his leadership, the Phoenix IDA has more than doubled its fund balance and increased revenue by $2 million annually for the last three years. From January 2009 through October 2015, the Phoenix IDA has issued over $1.5 billion in bonds for education, waste management, multifamily housing, health care, and manufacturing projects. In addition, the Phoenix IDA has developed programs for small businesses, home ownership and invested over $1.5 million in local non-profit organizations.
“The Phoenix IDA applies trailblazing solutions to strengthen economic development, jobs, home ownership and our communities through public-private partnerships,” Salgado said.
Other recipients of the 2015 CDFA Arizona Financing Roundtable Excellence Awards include the Industrial Development Authority of Pima County (Excellence Award for Agency) and Arizona’s Water Infrastructure Finance Authority (Excellence Award for Project).