Legis Daily

Equitable Transit Oriented Development Support Act

USA116th CongressHR-5783| House 
| Updated: 2/7/2020
Mark DeSaulnier

Mark DeSaulnier

Democratic Representative

California

Transportation and Infrastructure Committee, Highways and Transit Subcommittee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 6, 2020
Introduced in House
Feb 6, 2020
Referred to the House Committee on Transportation and Infrastructure.
Feb 7, 2020
Referred to the Subcommittee on Highways and Transit.
  • February 6, 2020
    Introduced in House


  • February 6, 2020
    Referred to the House Committee on Transportation and Infrastructure.


  • February 7, 2020
    Referred to the Subcommittee on Highways and Transit.

Transportation and Public Works

Community Development Financial Institutions FundEconomic developmentGovernment lending and loan guaranteesInfrastructure developmentPublic transitRural conditions and developmentTransportation programs fundingUrban and suburban affairs and development

Equitable Transit Oriented Development Support Act

USA116th CongressHR-5783| House 
| Updated: 2/7/2020
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 6, 2020
Introduced in House
Feb 6, 2020
Referred to the House Committee on Transportation and Infrastructure.
Feb 7, 2020
Referred to the Subcommittee on Highways and Transit.
  • February 6, 2020
    Introduced in House


  • February 6, 2020
    Referred to the House Committee on Transportation and Infrastructure.


  • February 7, 2020
    Referred to the Subcommittee on Highways and Transit.
Mark DeSaulnier

Mark DeSaulnier

Democratic Representative

California

Transportation and Infrastructure Committee, Highways and Transit Subcommittee

Transportation and Public Works

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Community Development Financial Institutions FundEconomic developmentGovernment lending and loan guaranteesInfrastructure developmentPublic transitRural conditions and developmentTransportation programs fundingUrban and suburban affairs and development