More TOD Act
- Last Action
- 3/9/2021
Actions
- 2021-03-09Referred to the Subcommittee on Highways and Transit.
- 2021-03-08Referred to the House Committee on Transportation and Infrastructure.
- 2021-03-08Introduced in House
- 2021-03-08Introduced in House
CRS Summary
As of 2021-03-08 (00)
Maximizing Our Redevelopment and Efficiency for Transit Oriented Development Act of 2021 or the More TOD Act
This bill authorizes the Department of Transportation to provide transit-oriented development planning grants to states, local governments, or metropolitan planning organizations. These grants shall be awarded to assist in the financing of comprehensive planning that is associated with a new or existing fixed guideway capital system project.
Grants may be used to (1) enhance economic development, ridership, and other goals; (2) facilitate multimodal connectivity and accessibility; (3) increase access to transit hubs for pedestrian and bicycle traffic; (4) enable mixed-use development; (5) identify infrastructure needs; and (6) include private sector participation in facilitating a project.
A grant shall not exceed 80% of total project costs, except that a grant that includes an affordable housing component shall not exceed 90% of total project costs.
Cosponsors (5)
- Michael San Nicolas (D-GU)
- Nanette Barragan (D-CA)
- EARL BLUMENAUER (D-OR)
- Gwen Moore (D-WI)
- JERROLD NADLER (D-NY)
Subjects
- Economic development
- Housing and community development funding
- Housing supply and affordability
- Infrastructure development
- Pedestrians and bicycling
- Performance measurement
- Public transit
- Public-private cooperation
- Regional and metropolitan planning
- State and local government operations
- Transportation programs funding
- Urban and suburban affairs and development
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.