housing trust fund; appropriation

Plain English Breakdown

The bill summary and text do not provide details on how the funds will be allocated or which programs will benefit.

Housing Trust Fund Funding

This bill appropriates $200 million from the state's general fund to the housing trust fund for fiscal year 2026-2027.

What This Bill Does

• Appropriates $200,000,000 to the housing trust fund.
• Uses money from the state’s general fund.
• Allocates funds for the fiscal year starting July 1, 2026.

Who It Names or Affects

• People who benefit from programs funded by the housing trust fund.
• The Arizona government managing the housing trust fund.

Terms To Know

Housing Trust Fund

A special account that holds money to help with affordable housing projects and services.

General Fund

The main pot of money the state uses for different programs and services.

Limits and Unknowns

• Does not specify how the funds will be used within the housing trust fund.
• Does not mention who benefits from this funding or what specific projects it supports.

Official Summary Text

SB1591 - housing trust fund; appropriation

Current Bill Text

SB1591 - 572R - I Ver

REFERENCE TITLE:
housing trust fund; appropriation

State of Arizona

Senate

Fifty-seventh Legislature

Second Regular Session

2026

SB 1591

Introduced by

Senator
Alston: Representative Connolly

AN
ACT

appropriating monies to the housing trust
fund.

(TEXT OF BILL BEGINS ON NEXT PAGE)

Be it enacted by the Legislature of the State of Arizona:

Section 1.
Appropriation; housing trust fund

The sum of $200,000,000 is
appropriated from the state general fund in fiscal year 2026-2027 to the
housing trust fund established by section 41-3955, Arizona Revised
Statutes.