To amend the Internal Revenue Code of 1986 to modify the low-income housing credit to incentivize affordable and transit-oriented development, and for other purposes.
About This Bill
Committee
Latest Action · December 15, 2020
Referred to the House Committee on Ways and Means.
Transportation Oriented Development Act of 2020
This bill increases the low-income housing tax credit for buildings in transit-oriented development areas. The bill defines a transit-oriented development area as a designated area located within 1/4 mile from a rail, bus, harbor, or waterway station and zoned for high density.
The bill also directs the Department of Housing and Urban Development to study cost-of-living differences based on geographic location and proximity and accessibility to transit.
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