HB2714 is a bill that mandates municipalities in Arizona to submit an annual report to the Arizona Department of Housing (ADOH) starting January 1, 2026. This report must include the number of housing development applications received, the number of lots and multifamily units approved and disapproved, and the total amount of vacant area zoned for various residential and commercial purposes as a percentage of the municipality's total area. Additionally, the bill allows ADOH to use up to $100,000 from the Housing Trust Fund annually for administrative costs related to gathering this information.

The bill also requires ADOH to include a summary of each municipality's information in its annual report to the Legislature on the status of the Housing Trust Fund. This change reflects an expansion of the reporting requirements to include more detailed information on housing development and availability within municipalities. The bill makes conforming changes to the existing law to accommodate these new provisions.

Statutes affected:
Introduced Version: 33-434.01
House Engrossed Version: 9-461.18, 41-3955