Building Tucson’s Next Chapter
TEFRA Public Hearing:
September 17, 2026, at 2:30 p.m. Arizona time
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The public is invited to attend a hearing regarding the Tucson IDA’s proposed issuance of up to $10 million in revenue bonds for Craycroft Towers, LLC, an Arizona limited liability company. Bond proceeds would finance a portion of the costs to acquire, construct, rehabilitate, improve, and equip Craycroft Towers, including related facilities and improvements. The project consists of a 74-unit apartment complex and eight additional residential units located in four duplexes at 1635 North Craycroft Road and 5411 East Lee Street, Tucson, Arizona 85712. All units will be reserved for low- to moderate-income households earning no more than 60% of area median income.
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Attend virtually:
Members of the public may participate by (1) dialing toll-free (833) 958-8432; or (2) joining the virtual meeting, Meeting ID 597 327 3502, link: https://us06web.zoom.us/j/5973273502?omn=84514431678. Persons wishing to participate should submit a written request to speak to admin@tucsonida.org at least 24 hours before the hearing; however, the hearing officer will also provide a time for additional comments at the end of the hearing.
$1.2B+ invested in Tucson’s future
Tucson IDA’s Bond Financing program was the only option available to us for rehabilitating 14 buildings for over 100 residents at Catalina Village Assisted Living. Tucson IDA understood the community need and offered us a well laid out program managed by a highly competent staff.
–Terry McNellis, Catalina Village Assisted Living, Inc.
Our Work
We finance the projects that move Tucson forward—creating good jobs, affordable homes, resilient infrastructure, and lasting opportunity.
Client Success
Lariat Village
Tucson IDA issued $27.5 million in tax-exempt multifamily housing revenue bonds to support Lariat Village, a new 120-unit affordable workforce housing community at 860 E. Irvington Road.
The approximately $48 million development will offer one-, two-, and three-bedroom apartments serving households earning between 30% and 70% of area median income—expanding quality housing options for working families on Tucson’s south side.
