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Support for Transit-Oriented Development in Low-Income Areas

This act aims to facilitate funding for development projects near public transportation hubs, especially in low-income areas. This can provide citizens with access to more affordable housing, new jobs, and services within their communities, improving quality of life and transportation accessibility.
Key points
Facilitates access to loans for Community Development Financial Institutions (CDFIs) for projects near public transit.
Supports the creation of housing, businesses, and community facilities for low-income individuals near transit hubs.
Establishes special accounts (CDFI TOD accounts) to manage funds for these projects, allowing for the re-use of repaid loans.
Increases the maximum loan amount for CDFI TOD account projects to $100 million.
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Expired
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Additional Information
Print number: 117_HR_2206
Sponsor: Rep. DeSaulnier, Mark [D-CA-11]
Process start date: 2021-03-26
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Equitable Transit Oriented Development Support Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2206.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-26.

What are the main provisions?

Key points include:

  • Facilitates access to loans for Community Development Financial Institutions (CDFIs) for projects near public transit.
  • Supports the creation of housing, businesses, and community facilities for low-income individuals near transit hubs.
  • Establishes special accounts (CDFI TOD accounts) to manage funds for these projects, allowing for the re-use of repaid loans.
  • Increases the maximum loan amount for CDFI TOD account projects to $100 million.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. DeSaulnier, Mark [D-CA-11].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Highways and Transit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Public Investments Real Estate Transport