HB4857: Equitable Transit Oriented Development Support Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend title 23, United States Code, to modify the transportation finance infrastructure and innovation program with respect to community development financial institutions, and for other purposes.
Plain-language summary
This bill modifies a federal transportation finance program to increase support for community development financial institutions (CDFIs), which are specialized lenders serving low-income communities. The bill amends title 23 of US Code, which covers federal highway and transportation funding. It aims to direct more transportation money toward development projects in underserved neighborhoods near transit. The bill was introduced by Representatives Mark DeSaulnier and Eleanor Norton. It is currently in the early stages of the legislative process.
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HB4857: Equitable Transit Oriented Development Support Act