HR 5783
Equitable Transit Oriented Development Support Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Equitable Transit Oriented Development Support Act aims to boost affordable housing and economic opportunities in communities near public transit by modifying the Transportation Finance Infrastructure and Innovation (TIFIA) program. It makes Community Development Financial Institutions (CDFIs) eligible for federal transportation loans to fund transit-oriented development projects located within a half-mile radius of fixed guideway transit facilities. The bill also establishes a dedicated ‘CDFI TOD account’ to manage these funds and sets aside a portion of TIFIA program funding for these accounts, ensuring they support projects benefiting low-income communities.
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