HB 2209 Summary

• Continues the Arizona Department of Housing as a state agency through July 1, 2026, with full repeal of the department and related statutes on January 1, 2027.

• Requires the department to establish a comprehensive performance measurement system within 12 months, including annual goals with measurable benchmarks for housing programs and quarterly reporting to legislative leadership on program outcomes.

• Mandates secure wire transfer protocols for all financial transactions, including dual authorization for transfers exceeding $10,000, real-time fraud detection, and monthly reconciliation and auditing.

• Establishes restrictions on housing trust fund expenditures, prohibiting down payment assistance programs unless authorized by law, and requiring quarterly reports to legislators detailing all financial transactions and fund recipients.

• Appropriates $1,650,000 from the housing trust fund to the Auditor General in fiscal year 2025-2026 to conduct a special audit of state and local homelessness spending for the past five years, with a report due by December 31, 2026.