HR 3680
Promoting Affordable Housing Near Transit Act
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- Passed House
- Passed Senate
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Bill overview
This bill allows federal transit agencies to transfer properties they no longer need to local governments, nonprofits, or other organizations for the purpose of developing affordable housing near public transportation. Specifically, it outlines conditions under which these transfers can occur, including requirements for affordability restrictions and long-term use of the property. The goal is to increase access to affordable housing options in areas with good transit access. The bill aims to leverage existing government-owned assets to support transit-oriented development.
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