Arizona’s new House Bill 2999 creates State Affordability Infrastructure Districts, a financing tool that will allow developers to fund public infrastructure — including roads and utilities — through tax-exempt bonds without needing local approval. The reform addresses a long-standing development gap. Arizona’s community facilities districts produced only $347 million vs. $11.7 billion in Colorado and $8.9 billion in Texas since 2019. The Arizona Finance Authority will complete compliance reviews, removing political uncertainty that previously slowed projects.
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