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Union Station Redevelopment: 100% Federal Funding Eligibility for Infrastructure Grants.

This Act makes the Union Station Redevelopment Corporation (USRC) eligible to receive several key federal infrastructure grants, including the RAISE and CRISI programs. The most significant change is that USRC will be eligible for 100% federal funding for these projects, eliminating the need for matching funds. This move is designed to accelerate the modernization and safety improvements of the historic Union Station, benefiting rail passengers and overall transportation efficiency.
Key points
The Union Station Redevelopment Corporation (USRC) is now eligible for major federal infrastructure grant programs (RAISE, National Infrastructure Project Assistance, CRISI, Federal-State Partnership for Intercity Passenger Rail).
The federal share for grants awarded to USRC under these programs is set at 100% of the total eligible project costs.
The goal is to streamline and expedite the financing of modernization and safety projects at Union Station, a critical passenger rail hub.
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Additional Information
USRC Funding Eligibility Act
Print number: S 5090
Sponsor: Sen. Van Hollen, Chris [D-MD]
Process start date: 2024-09-18