The Build HUBS Act amends federal transportation financing programs to encourage housing development near public transit by extending and expanding loan programs through 2031. The bill creates new financing pathways for transit-oriented development projects—mixed-use residential and commercial developments near transit stations—by establishing a delegated lending system where private lenders can process federal loans on behalf of the Department of Transportation without requiring investment-grade credit ratings. For "attainable housing projects" serving households earning up to 120% of area median income, the bill offers favorable terms including reduced interest rates (half the Treasury rate), higher loan percentages (up to 75% of project costs), and eliminated federal fees. The bill also streamlines environmental reviews for certain projects and requires the Secretary of Transportation to issue implementation guidance within 180 days while coordinating with the Department of Housing and Urban Development. All existing state and local zoning laws remain unchanged.
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.