Relating to local standards to promote housing stability; declaring an emergency.

Requires city with population of 200,000 or fewer to establish local standards to promote housing stability no later than July 1, 2023. Requires city to review local standards at least every 10 years. Exempts from state preemption of rent control cities with populations of 200,000 or fewer that adopt local standards to promote housing stability and cities with populations greater than 200,000. Declares emergency, effective on passage.