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More Housing Near Transit: Incentives for Developers

This act aims to encourage the construction of more affordable housing near public transit stops. This could give citizens easier access to housing in well-connected areas, potentially lowering commuting costs and improving quality of life.
Key points
Developers building affordable housing near public transit can receive extra points when applying for grants.
Costs related to planning and developing affordable housing near new transit stations can be included in project costs, making financing easier.
Local authorities will be encouraged to simplify approval processes for multi-family housing and other housing types near public transit.
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Additional Information
Print number: 117_S_3237
Sponsor: Sen. Schatz, Brian [D-HI]
Process start date: 2021-11-18