The Build More Housing Near Transit Act of 2023 amends federal transit funding rules to encourage communities to adopt policies that make it easier to build housing near public transportation. The bill allows transit agencies applying for federal capital investment grants to receive bonus points in their funding evaluations if they demonstrate that local governments have removed regulatory barriers to housing construction, such as reducing parking requirements, eliminating minimum lot sizes, streamlining apartment approvals, or increasing height limits. Transit agencies that receive this bonus rating must document the expected number of new and preserved housing units, including affordable units, that will result from these pro-housing policies in areas near their transit lines. The legislation requires the Secretary of Transportation and Secretary of Housing and Urban Development to work together to develop a methodology for measuring how effective these pro-housing policies are. By tying federal transit funding rewards to local housing policy reforms, the bill aims to increase affordable housing development in areas with good public transportation access.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.