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AZ SB1449
Bill
Status
2/5/2019
Primary Sponsor
David Bradley
Click for details
AI Summary
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Establishes the affordable housing private investment matching fund to be administered by the department, consisting of legislative appropriations and investment earnings.
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Requires the department to use fund monies to provide matching contributions for private investments in affordable housing projects aligned with department objectives and programs.
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Appropriates $5,000,000 from the state general fund to the affordable housing private investment matching fund in fiscal year 2019-2020.
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Exempts monies in the fund from lapsing provisions under Arizona Revised Statutes section 35-190, allowing funds to carry forward indefinitely.
Legislative Description
Affordable housing; private investment; fund
Last Action
Senate read second time
2/6/2019