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, as indicated in the new insertion. This funding aims to support housing initiatives and is specifically directed to the housing trust fund 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. This insertion aims to provide financial relief to tenants and ensure that they are not penalized for rent owed when the landlord benefits from the state funding.