The Build More Housing Near Transit Act of 2023 amends federal transit funding rules to encourage communities to adopt policies that increase housing construction near public transportation. The bill gives transit projects higher ratings in the competitive federal capital investment grant process if the applying cities or states remove housing barriers like parking minimums, reduce lot size requirements, streamline apartment approvals, or commit public land to affordable housing development. Federal transportation officials may boost a project's score by one point on a five-point scale when applicants demonstrate pro-housing policies within walking distance of transit routes, with the Department of Housing and Urban Development helping evaluate how many affordable units these policies would generate. The legislation also requires grant applicants to report on pro-housing policies they adopted and the expected housing outcomes. Overall, the bill aims to incentivize localities to reduce zoning restrictions that limit housing supply in transit-accessible areas by making their transportation projects more competitive for federal funding.
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