homebuyer assistance programs; requirements

This bill sets requirements for Arizona's homebuyer and downpayment assistance programs. First-time homebuyers must be Arizona residents for two years before applying, occupy the home as their primary residence for two years, and cannot use it as a vacation or short-term rental (per defined statutes) until repaying program funds. It also prohibits out-of-state investors from accessing these programs. These rules apply directly to state-run assistance programs and their recipients.