If enacted, this bill would introduce a moratorium on municipalities' ability to adopt or enforce new regulations, standards, stipulations, or other requirements related to the development of new single-family homes, subdivision plats, or planned area developments from the effective date of the act until June 30, 2028. This moratorium would not apply to regulations aimed at protecting public health and safety or reducing construction costs for new housing developments. Additionally, the bill includes a statement of legislative findings that highlights Arizona's housing shortage and the need for prioritizing new housing construction.

The bill would amend current statutes by inserting provisions that explicitly prohibit municipalities from implementing new housing development regulations during the moratorium period, while also establishing criteria for exceptions. It would also include a sunset clause, repealing the moratorium after June 30, 2028. The existing statutes regarding the general powers of cities and towns would remain unchanged, as the bill does not delete any current legal language but rather adds new provisions to address the housing crisis.