HB 2443 Arizona House · 57th Legislature - First Regular Session

housing trust fund; unclaimed property

HB 2443 redirects unclaimed property funds (from abandoned assets like forgotten bank accounts) to Arizona's housing programs. It requires 55% of these funds to go to the state Housing Trust Fund, with at least 40% of that portion specifically for developing housing in rural areas. Additional allocations include $2 million annually to a mental health housing fund and $24.5 million yearly to an administrative fund. The bill does not directly affect individuals but changes how state funds from unclaimed property are distributed to support housing initiatives.
Bill status introduced 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 28, 2025 Last action Jan 29, 2025