This bill proposes to update current statutes by appropriating $25,000,000 from the state general fund to the housing trust fund for the fiscal year 2025-2026. This new funding aims to support housing initiatives as established by section 41-3955 of the Arizona Revised Statutes.

Additionally, the bill introduces a provision that prohibits landlords from filing, finalizing, or enforcing any actions against tenants for unpaid rent if they receive funds from this appropriation as payment for that rent. This insertion aims to provide tenants with protection from eviction related to rent owed during the period in which the landlord benefits from the housing trust fund.