Arizona 2024 Regular Session

Arizona House Bill HB2260

Introduced

1/17/24

Introduced

1/17/24

Caption

Appropriation; housing trust fund

Impact

The implications of this bill are significant as it intends to provide ongoing financial support for housing initiatives beyond the initial appropriation. By establishing the expectation of ongoing funding, the bill encourages sustainable investment in housing resources, enabling local governments and non-profit organizations to plan and implement long-term housing solutions. This approach can enhance the overall stability of housing assistance in Arizona, fostering more secure living conditions for many residents.

Summary

House Bill 2260 aims to allocate a substantial appropriation of $150,000,000 from the state general fund to the housing trust fund for the fiscal year 2024-2025. This initiative is designed to enhance the state's capacity to support housing projects, thereby addressing the pressing issues of housing availability and affordability in Arizona. The funding is targeted specifically at facilitating housing development that meets the needs of low-income residents and communities in distress.

Contention

Notable points of contention surrounding HB2260 may arise over the allocation of funds and the prioritization of housing projects. Critics might express concerns regarding how effectively these funds will be distributed and whether they will indeed reach the communities most in need. Additionally, discussions about the criteria for project selection and the oversight of fund usage are likely to be contentious, with various stakeholders advocating for accountability and transparency in the disbursement of state resources.

Latest AZ HB2260 Activity

View All Events: AZ 2024 Regular Session HB2260

Companion Bills

No companion bills found.

Previously Filed As

AZ HB2443

Housing trust fund; unclaimed property

AZ HCR2065

Alfredo Gutierrez death resolution

AZ HB2711

housing trust fund; unclaimed property

AZ HB2476

Appropriation; water conservation grant fund

AZ HB2816

Appropriations; DES; developmental disabilities program

AZ HCR2064

Barbara Leff; death resolution

AZ HB2213

Appropriation; free school meals

AZ HCR2028

Permanent funds; land trust; distributions.

AZ HCR2063

Yvonne Fedderson; death resolution

AZ HB2350

Appropriation; housing assistance; elderly

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To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026.