Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 2206
117th Congress(2021-2022)
Equitable Transit Oriented Development Support Act
Introduced
Introduced
Introduced in House on Mar 26, 2021
Overview
Text
Introduced
Mar 26, 2021
Latest Action
Mar 29, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2206
Congress
117
Policy Area
Transportation and Public Works
Transportation and Public Works
Primary focus of measure is all aspects of transportation modes and conveyances, including funding and safety matters; Coast Guard; infrastructure development; travel and tourism. Measures concerning water resources and navigation projects may fall under Water Resources Development policy area.
Sponsorship by Party
Democrat
Mark DeSaulnier
California
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Equitable Transit Oriented Development Support Act

This bill revises the transportation finance infrastructure and innovation (TIFIA) program to make community development financial institutions (CDFIs) eligible for federal transportation infrastructure loans.

The loans must be used for CDFI transit-oriented development projects located within one-half mile in an urban area or three-fourths of a mile in a rural area of a fixed guideway transit facility, passenger rail station, intercity bus station or intermodal facility that supports (1) commercial facilities or businesses that are located in low-income communities, (2) community facilities that are located in low-income communities or principally serve low-income persons, or (3) housing that is principally affordable to low-income persons.

The Department of Transportation (DOT) must require any CDFI participating in the TIFIA program to establish a CDFI transit-oriented development account into which the proceeds of a secured loan made to the CDFI and any loan repayments from public or private entities receiving loans made to fund CDFI transit-oriented development projects will be deposited.

DOT must set-aside not more than 10% of funding available to carry out the TIFIA program for CDFI transit-oriented development accounts.

Text (1)
Introduced in House
March 26, 2021
Actions (3)
03/29/2021
Referred to the Subcommittee on Highways and Transit.
03/26/2021
Referred to the House Committee on Transportation and Infrastructure.
03/26/2021
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:48:02 PM
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