HB 4130 establishes housing and economic growth zones in Arizona municipalities to support development and revitalization.

HB 4130 creates a framework for Arizona municipalities to designate housing and economic growth zones. These zones aim to support development and revitalization by increasing attainable housing, constructing critical infrastructure, and revitalizing areas with limited economic prospects. The bill outlines requirements for establishing these zones, including public hearings and written findings. It also details the role of a governing board in overseeing project plans and using increment revenues for qualified public improvements.

HB 4130 establishes housing and economic growth zones in Arizona municipalities to support development and revitalization.

HB 4130 creates a framework for Arizona municipalities to designate housing and economic growth zones. These zones aim to support development and revitalization by increasing attainable housing, constructing critical infrastructure, and revitalizing areas with limited economic prospects. The bill outlines requirements for establishing these zones, including public hearings and written findings. It also details the role of a governing board in overseeing project plans and using increment revenues for qualified public improvements.