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Ending Federal Funding for Transit-Oriented Development Projects

This act changes infrastructure funding rules, excluding commercial or residential development projects near public transport hubs from federal support programs. This means developers will no longer be able to access federal loans and guarantees for such ventures, potentially impacting the pace of new housing and commercial centers near train stations or bus stops.
Key points
Commercial and residential development projects near public transit lose access to federal funding programs (TIFIA and RRIF).
The act eliminates the transit-oriented development planning pilot program.
Changes apply to funding applications submitted after the act's enactment, potentially affecting future investments.
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Status:
Expired
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Additional Information
Print number: 118_HR_4131
Sponsor: Rep. Perry, Scott [R-PA-10]
Process start date: 2023-06-14