The bill amends Chapter 45-53 of the General Laws concerning "Low and Moderate Income Housing" by introducing a new section titled "Tiverton emergency moratorium." This new provision allows the town of Tiverton to enact an emergency moratorium on accepting or processing applications for comprehensive permit projects if there are five hundred (500) or more units proposed. During this moratorium, any applications submitted will not receive grandfathered status, meaning they will not be exempt from the moratorium's restrictions.

Additionally, the town of Tiverton can maintain this moratorium until the comprehensive permit requirements outlined in § 45-53-4 are amended. The bill is designed to provide local governance with the ability to manage housing development effectively in response to significant proposals, ensuring that the town can address potential impacts before further applications are considered. The act will take effect immediately upon passage.