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Support for Transit-Oriented Development in Low-Income Communities

This act aims to facilitate the financing of construction and business projects near public transport stops, especially in low-income neighborhoods. This can provide residents in these areas with access to new jobs, services, and affordable housing, improving their daily lives and local development.
Key points
Easier access to loans for Community Development Financial Institutions (CDFIs) for projects near public transport.
Support for building housing, businesses, and community facilities that serve or employ low-income individuals.
Loans available for up to 80% of project costs, with flexible repayment terms, reducing risk for developers.
A 10% set-aside of TIFIA program funds for these projects, ensuring a consistent funding source.
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Expired
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Additional Information
Print number: 118_HR_4857
Sponsor: Rep. DeSaulnier, Mark [D-CA-10]
Process start date: 2023-07-25
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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 118_HR_4857.

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 2023-07-25.

What are the main provisions?

Key points include:

  • Easier access to loans for Community Development Financial Institutions (CDFIs) for projects near public transport.
  • Support for building housing, businesses, and community facilities that serve or employ low-income individuals.
  • Loans available for up to 80% of project costs, with flexible repayment terms, reducing risk for developers.
  • A 10% set-aside of TIFIA program funds for these projects, ensuring a consistent funding source.
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-10].

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 2025-12-25.

CATEGORIES

Public Investments Real Estate Transport