Arizona HB2595 allows cities to condition building permits on contributions to housing funds or ensure 20% of new units are attainable housing.

Arizona HB2595 modifies municipal planning to allow cities to condition building permits on contributions to funds for creating attainable residential housing. Attainable residential housing is defined as new multifamily developments for households with incomes up to 120% of the median, with at least 20 units. Cities may also require up to 20% of new multifamily units to be attainable housing for up to 20 years. If cities adopt such regulations, they must offer incentives to developers, such as density bonuses, reduced fees, or expedited permitting.

Arizona HB2595 allows cities to condition building permits on contributions to housing funds or ensure 20% of new units are attainable housing.

Arizona HB2595 modifies municipal planning to allow cities to condition building permits on contributions to funds for creating attainable residential housing. Attainable residential housing is defined as new multifamily developments for households with incomes up to 120% of the median, with at least 20 units. Cities may also require up to 20% of new multifamily units to be attainable housing for up to 20 years. If cities adopt such regulations, they must offer incentives to developers, such as density bonuses, reduced fees, or expedited permitting.