Plain-English Summary
This legislation allows the town of Smithfield to place a temporary hold (moratorium) on accepting or processing new applications for low and moderate-income housing developments. This moratorium can be enacted if there are already proposals for 250 or more units pending in the town. Any applications submitted during this pause will not be considered or given legal status. The town may keep this hold in place until specific state laws regarding low and moderate-income housing are amended.
This bill makes a special rule for the town of Smithfield. If builders are already planning to build 250 or more homes for people who don't have a lot of money, the town can stop accepting any new plans. It is like a "time out" for new construction. The town can keep refusing to look at new building plans until the state changes the rules about how these types of homes are built. This means no new applications for these specific types of neighborhoods can be started during the time out.