By Jakob Thorington | Arizona Capitol Times
Key Points:
- SB 1431, a bill that includes some similar language to the “Arizona Starter Homes Act,” didn’t get a vote before sine die
- Gov. Katie Hobbs has already signed one bill intended to reduce home prices
- Lawmakers did approve an amendment to give cities slightly more control over safety design requirements for homes
A bill similar to the Arizona Starter Homes Act didn’t quite make it to the finish line, but lawmakers did get one housing affordability measure signed into law during their final weeks before leaving the Capitol.
Gov. Katie Hobbs recently signed House Bill 2999, a bipartisan bill that supporters say will speed up home construction and help make new homes more affordable by giving communities a new tool to pay for housing-specific infrastructure costs like roads and sewer lines.
It accomplishes this by allowing property owners to establish a state affordability infrastructure district which can sell bonds and levy taxes to help pay for infrastructure costs and help housing projects move to a construction phase without impacting taxpayers outside the zone.
