arrow_back Back to App

Easier Access to Federal Loans for Housing Near Transportation Projects

This law establishes new creditworthiness standards for residential and mixed-use projects seeking large federal loans from transportation financing programs (TIFIA and RRIF). The goal is to streamline access to capital for developers, encouraging the construction of more housing, especially near transit hubs. These changes aim to potentially increase housing supply and affordability for citizens.
Key points
New, tailored financial standards for housing projects accessing federal transportation funds (TIFIA and RRIF).
The changes are designed to encourage the construction of more homes within infrastructure development projects, potentially increasing housing supply.
The Department of Transportation must coordinate with the Housing Department (HUD) when setting these rules to ensure alignment with housing policy.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6228
Sponsor: Rep. Scholten, Hillary J. [D-MI-3]