Incentives for Building Affordable Housing Near Public Transit.
This bill encourages local governments to increase housing supply, especially affordable units, near new public transit routes. Cities that adopt "pro-housing policies," such as easing zoning rules regarding parking or lot sizes, can receive a higher rating and better chances for federal transportation grants. This aims to provide citizens with more housing options and improved access to public transit.
Key points
Local authorities can gain extra points when applying for federal transit funding if they implement policies that facilitate housing construction near transit stops.
These policies include eliminating minimum parking requirements, reducing minimum lot sizes, and streamlining approval processes for multi-family housing.
The goal is to boost the supply of housing, including units affordable to low-income households, in well-connected areas.
Status:
Expired
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