Arizona Revised Statutes Title 35. Public Finances § 35-708. Financing certain owner-occupied single family dwellings; exception

A. For purposes of § 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 § 35-701, paragraph 7, subdivision (a), item (iii) or programs established pursuant to § 35-706, subsection A, paragraph 14.