If enacted, this bill would introduce a moratorium on municipalities' ability to adopt or enforce new regulations regarding the development of new single-family homes, subdivision plats, or planned area developments from the effective date of the act until June 30, 2028. The governing bodies would be prohibited from implementing any new regulations unless they are specifically aimed at protecting public health and safety or reducing construction costs for new housing developments. This moratorium is intended to address Arizona's housing shortage and affordability crisis.

Additionally, the bill includes a statement of legislative findings that emphasizes the urgency of the housing situation in Arizona, asserting that unnecessary housing regulations contribute to the ongoing crisis. The provisions of this bill would be repealed after June 30, 2028, allowing for a review of the housing landscape and the potential reinstatement of regulations that do not impede housing development.