Programs

  • Mortgage Credit Certificate Program

    Community Investment Corporation’s Mortgage Credit Certificate (MCC) program allows first time home buyers in the ENTIRE State of Arizona to claim up to $2,000 of their annual mortgage interest as a federal tax credit – each year and every year they live in their homes. MCCs can save homeowners $50,000+ over the life of their mortgage. The MCC program is funded by The Pima County Industrial Development Authority. A first time home buyer is defined as a person who has not owned a home in the last three years. Qualified military veterans or people purchasing a home in a targeted area also can qualify for an MCC.
    Geographies
    Arizona, USA;
    Pima County, AZ, USA;
    Pinal County, AZ, USA;
    Maricopa County, AZ, USA;
    Yuma County, AZ, USA;
    Coconino County, AZ, USA;
    Navajo County, AZ, USA;
    Greenlee County, AZ, USA;
    Graham County, AZ, USA;
    Apache County, AZ, USA;
    Yavapai County, AZ, USA;
    La Paz County, AZ, USA;
    Cochise County, AZ, USA;
    Gila County, AZ, USA;
    Mohave County, AZ, USA;
    Santa Cruz County, AZ, USA
    Dates
    Not indicated
    Source
    User-generated
    Home accessibility,Rent and mortgage assistance
    Adults,Families,Extremely poor people,Low-income people,Working poor,Veterans
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  • Downpayment Assistance

    Owning a home is a powerful tool to create lasting wealth that benefits future generations. Becoming a homeowner can be expensive. In fact, many people believe owning a home is out of reach because a lack of up front funding to help with a down payment. At CIC, our mission is to educate the community about their options in the homebuying process. We empower individuals & families with access to capital to help homebuyers get into a home. The City of Tucson and Pima County offer down payment assistance to homebuyers across Pima County. CIC is the program administrator and provides the down payment assistance. Down payment assistance is eligible for up to 20% of purchase price and includes a homebuyer education course. The Industrial Development Authorities of Pima County and City of Tucson (IDAs) offer down payment assistance to homebuyers in Pima County. CIC is the program administrator for the program and provides the down payment assistance on behalf of the IDAs. Homebuyers receive between 2% and 5% down payment assistance.
    Geographies
    Pima County, AZ, USA;
    Tucson, AZ, USA
    Dates
    Not indicated
    Source
    User-generated
    Home accessibility,Rent and mortgage assistance
    Adults,Families,Extremely poor people,Low-income people,Working poor,Veterans
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  • Small Business Loans

    As a nonprofit organization, our goal is not about generating dollars, but about becoming a sustainable resource for our community driving positive change. We manage a Revolving Loan Program (available across Southern Arizona) where payments from each active loan are used to fund future loans. As borrowers make loan payments, they are investing in the success of future businesses and nonprofits just like them! To meet small business needs, we offer loans as small as $500 and as large as $100,000 with competitive interest rates.
    Geographies
    Pima County, AZ, USA;
    Greenlee County, AZ, USA;
    Graham County, AZ, USA;
    Cochise County, AZ, USA;
    Santa Cruz County, AZ, USA;
    Yuma County, AZ, USA
    Dates
    Not indicated
    Source
    User-generated
    Entrepreneurship,Social enterprise,Economic development,Anti-predatory lending,Development finance,Financial counseling,Investment services
    Adults,Ethnic and racial groups,Economically disadvantaged people,Immigrants and migrants,Work status and occupations
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