The Greater Arizona Development Authority (GADA)
was created by the Arizona Legislature in 1997 to assist local and tribal governments
and special districts with the development of public infrastructure. GADA's goals
are to lower the costs of financing and help accelerate project development for
public facilities owned, operated and maintained by a political subdivision, special
district or Indian tribe. To accomplish this, GADA is authorized under statute to
offer both financial and technical assistance programs.
Effective August 6, GADA is part of the NEW Arizona Finance Authority,
shop for financing that supports expanding and relocating businesses, communities’ infrastructure needs
and first-time homebuyers.
The Arizona Finance Authority is governed by a five-member board appointed by the Governor. The Board’s
business-focused approach gets borrowers to deal-closing and ground-breaking more quickly.
To assist Arizona communities and tribal governments with the development of public
infrastructure projects that enhances community and economic development.