Arizona § 35-708 Financing certain owner-occupied single family dwellings; exception

Arizona Statutes

§ 35-708 — Financing certain owner-occupied single family dwellings; exception

Arizona·Title 35 Arizona Revised Statutes·Ch. 5 INDUSTRIAL DEVELOPMENT FINANCING·Art. 1 Incorporation

A.For purposes of section 35-701, paragraph 6, in areas other than a slum or blighted area, the authority undertaking the bond issue shall set aside for sixty days thirty percent of the mortgages for owner-occupied single family dwelling units for persons and families whose income is below the median family income of this state.

B.This section does not apply to projects described in section 35-701, paragraph 7, subdivision (a), item (iii) or programs established pursuant to section 35-706, subsection A, paragraph 14.

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A. For purposes of section 35-701, paragraph 6, in areas other than a slum or blighted area, the authority undertaking the bond issue shall set aside for sixty days thirty percent of the mortgages for owner-occupied single family dwelling units for persons and families whose income is below the median family income of this state.

B. This section does not apply to projects described in section 35-701, paragraph 7, subdivision (a), item (iii) or programs established pursuant to section 35-706, subsection A, paragraph 14.

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