The proposed bill amends the Rhode Island Housing Resources Act of 1998 by introducing a new section, 42-128-18, which mandates that developers submit a comprehensive assessment for any proposed project intended for residential use. This assessment must be provided to each municipality where the project will be located as part of the approval process. The bill defines key terms such as "developer," "municipality," and "project," and outlines the requirements for the comprehensive assessment, which includes evaluating the project's impact on municipal services, such as schools, transportation, public safety, and environmental resources.

Additionally, the bill stipulates that the costs associated with conducting the comprehensive assessment will be the responsibility of the developers, thereby reducing financial burdens on municipalities. It also requires municipalities to create guidelines for reviewing and publicly disclosing the assessment findings to promote community engagement and accountability. The comprehensive assessment will be classified as a public record, ensuring transparency in the development process. This act is set to take effect on July 1, 2025.