The bill amends Chapter 45-53 of the General Laws, which pertains to "Low and Moderate Income Housing," by adding a new section titled "Affordable housing stock in Tiverton." This new section mandates that the Rhode Island housing authority is required to update the count of affordable housing stock in the town of Tiverton twice a year.

The act is designed to ensure that the affordable housing situation in Tiverton is monitored and reported regularly, thereby enhancing transparency and responsiveness to housing needs in the area. The bill will take effect immediately upon its passage.