The bill amends existing laws regarding permitting for residential construction and introduces provisions for local governments to establish "housing improvement zones." It adds a new section to the Arkansas Code, specifically 14-1-506, which defines a housing improvement zone as an area designated by local governing bodies for residential unit improvement projects. The bill outlines definitions for terms such as "home inspection," "home inspector," and "residential unit," all of which reference existing definitions in the law.

One of the key features of the bill is that properties within these designated housing improvement zones will be exempt from all permits related to the development of residential unit improvement projects, streamlining the process for local governments and developers. However, it stipulates that any property in a housing improvement zone must pass a home inspection conducted by a certified home inspector upon completion of the improvement project, ensuring that safety and quality standards are maintained.