AZ HB2926

Municipalities may establish an expedited plan review and permitting process for workforce housing projects, including a dedicated contact, initial plan review within 20 business days, and priority inspection scheduling within 72 hours.

Workforce housing is defined as new dwelling units affordable to households earning up to 150% of area median income, with recorded affordability covenants lasting at least 20 years for rental projects or initial sale price affordability for ownership units.

Lowers the population threshold for corporations exempt from Arizona Department of Housing approval when issuing bonds for multifamily residential rental projects from 7% to 3% of total state population.

Amends the prime contracting tax classification with technical language updates, changing phrases like "for the purpose of financing" to "to finance" and "no greater" to "not greater" throughout the statute.