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Urban Development Near Rail: New Funding for Housing and Infrastructure.

This act expands funding opportunities for construction and infrastructure projects near rail stations and fixed guideway transit. It aims to foster economic and residential development in these areas, potentially impacting housing availability and job opportunities for citizens.
Key points
New rules allow financing for residential and commercial developments within 1/4 mile of rail or fixed catenary transit stations.
Projects in downtown cores up to 2 miles from intercity passenger rail stations can be financed if public transportation connects them.
Projects must include at least 20% private investment, encouraging public-private partnerships.
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Status: Introduced
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Additional Information
Print number: 119_HR_4442
Sponsor: Rep. Carter, Earl L. "Buddy" [R-GA-1]
Process start date: 2025-07-16