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. The bill specifies that exceptions to this moratorium would apply only 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 current housing shortage and affordability crisis, emphasizing the need for prioritizing new housing construction and addressing regulations that do not provide a public health and safety benefit. The section establishing the moratorium would be repealed after June 30, 2028.