property tax increment; affordable housing

Summary

The bill requires each Arizona county to set up a housing affordability fund using the tax difference from newly built homes. The money can help employees of government entities with down‑payment costs and provide grants, loans or incentives to developers building affordable, entry‑level, workforce or middle‑income housing. It aims to boost affordable housing supply without diverting existing program funds.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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