The Phoenix Residential Investment Development Effort (PRIDE) is a private non-profit, non-stock corporation created in 1989 to assist in the community's efforts to provide affordable housing within the Phoenix corporate limits. The corporation was organized to pursue development or acquisition opportunities that will promote or increase the supply of housing that is affordable to low and moderate income households. PRIDE will undertake projects for its own account, under contract or in conjunction with the City of Phoenix, or as a joint venture partner with other corporate or private entities. The primary organizational goals of PRIDE are described as follows: 1) To develop, promote and otherwise assist in the establishment and operation of low or moderate income housing. 2) To combat community deterioration. 3) To secure adequate housing, community facilities and other related facilities and services conducive to the progress and general welfare of the City of Phoenix.