Arizona's Housing Trust Fund was sparingly used until 2021 following increased expenditures in the Great Recession.

Arizona Housing Trust Fund year-end balance and expenditures from FY 2007 to FY 2023

All values adjusted for inflation using Jan. 2024 dollars. Funds expended include appropriated and non-appropriated funds. FY 2023 actual and FY 2024 estimates from Auditor General Report 24-114.
Chart: Arizona Center for Economic Progress Source: JLBC Baseline Books Get the data Created with Datawrapper