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,
a one-stop
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.
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.
Our Mission
To assist Arizona communities and tribal governments with the development of public infrastructure projects that enhances community and economic development.
Organization
GADA is governed by a nine-member Board of Directors comprised of four ex-officio members and five members who are appointed by the Governor.
Appointed members serve staggered five-year terms, with no appointed member allowed to serve more than two consecutive terms. In addition, all appointed members shall reside in different counties, and no more than three shall be from the same political party. One shall be a member of an Indian tribe located in Arizona.
In fiscal year 2011, the Arizona Legislature passed H.B. 2001 assigning the Water Infrastructure Finance Authority of Arizona (WIFA) to provide general administrative support, equipment, office and meeting space to GADA. WIFA's Executive Team administers GADA's mission.
- WIFA Executive Director
- Trish Incognito, Chief Financial Officer - WIFA
- Mike Clark, Controller - WIFA
- Angie Valenzuela, GADA Program Manager/Sr. Loan Officer - WIFA
