AZ HB2824

Authorizes cities, towns, and counties to establish Commercial Property Assessed Capital Expenditure (C-PACE) programs to finance qualifying improvements on commercial, industrial, agricultural, and multifamily residential properties with five or more units.

Qualifying improvements include critical capital expenditure improvements with a useful life of 10+ years that provide structural/mechanical support or increase utility efficiency, including energy efficiency and water conservation measures.

Creates a special assessment lien system where private capital providers finance improvements and property owners repay through special assessments that run with the land and have priority over most other liens except general property taxes.

Requires written consent from existing lien holders, mortgagees, and security interest holders before a property can participate in the program.

Establishes enforcement procedures for delinquent special assessment installments, including public auction sale of property after proper notice to owners and lien claimants, with a redemption period before deed transfer.