“A bill to amend title 49, United States Code, to include affordable housing incentives in certain capital investment grants, and for other purposes.”
No CRS summary available for this bill.
This section amends the Capital Investment Grants program by (1) defining "pro-housing policy" to include state or local actions removing regulatory barriers to housing construction or preservation (e.g., reducing parking minimums or lot sizes, establishing by-right approvals for multifamily housing, committing public land for affordable housing, or raising height limits); (2) authorizing the Secretary of Transportation to increase a project's justification rating by 1 point on the 5-point scale (high, medium-high, medium, medium-low, low) if the applicant provides documented evidence of pro-housing policies within walking distance of and accessible to transit facilities along the project route, following consultation with the Secretary of Housing and Urban Development to evaluate expected housing production (including affordable units); and (3) requiring grant applicants to report on projects receiving such rating adjustments, including submitted policies and projected housing units from new production and preservation. (As background, the Capital Investment Grants program funds major capital projects for fixed guideway transit systems, corridor-based bus rapid transit, and core capacity improvements, with federal awards based in part on project justification ratings.)