The bill amends Section 45-53-3 of the General Laws in Chapter 45-53, which pertains to "Low and Moderate Income Housing." It introduces new definitions and clarifications regarding terms such as "adjustments," "affordable housing plan," and "consistent with local needs." Notably, the bill specifies that a city or town can be considered to have low- or moderate-income housing if it has adopted an inclusionary zoning ordinance that mandates at least fifty percent (50%) of housing developments to consist of low- or moderate-income units. This change aims to enhance the availability of affordable housing in municipalities.

Additionally, the bill outlines the criteria for what constitutes "consistent with local needs," emphasizing the importance of local zoning and land use ordinances in relation to both subsidized and unsubsidized housing. It also details the role of monitoring agents and municipal government subsidies in supporting affordable housing initiatives. The act is set to take effect upon passage, reflecting a legislative effort to address housing needs more effectively within communities.