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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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Status:
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
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Public Investments Real Estate Transport