AZ HB2667

Requires recipients of state first-time homebuyer or downpayment assistance programs to be Arizona residents for at least two years before applying

Mandates that homes purchased through these programs must be occupied by the recipient as their primary residence for at least two years

Prohibits using homes purchased with program assistance as vacation rentals or short-term rentals until all program monies are repaid

Bars out-of-state investors from eligibility for any state first-time homebuyer or downpayment assistance programs