REFERENCE TITLE: homebuyer assistance programs; requirements

State of Arizona

House of Representatives

Fifty-seventh Legislature

Second Regular Session

2026

HB 2667

Introduced by

Representatives Carter P: Biasiucci, Fink, Griffin, Keshel, Taylor, Way

AN ACT

Amending title 41, chapter 37, article 2, Arizona Revised Statutes, by adding section 41-3958; relating to housing.

(TEXT OF BILL BEGINS ON NEXT PAGE)

Be it enacted by the Legislature of the State of Arizona:

Section 1. Title 41, chapter 37, article 2, Arizona Revised Statutes, is amended by adding section 41-3958, to read:

START_STATUTE41-3958. Homebuyer assistance; programs; requirements; prohibition

A. Any first-time homebuyer program or downpayment assistance program that is offered by this state or an agency in this state must meet all of the following requirements:

1. The recipient must be a resident of this state for at least two years before applying to a program.

2. The home must be occupied by the recipient for at least two years as the recipient's primary residence.

3. The home may not be used as a vacation rental or short-term rental as defined in section 9-500.39 or 11-269.17 until all program monies are repaid by the recipient.

B. An out-of-state investor is not eligible for any first-time homebuyer program or downpayment assistance program that is offered by this state or an agency in this state. END_STATUTE