Bill · H.R. 8607· House(119-HR-8607)
Equitable Transit Oriented Development Support Act
- Introduced
- 4/30/2026
- Last activity
- 4/30/2026 — Referred to the House Committee on Transportation and Infrastructure.
- Sponsored by
- Mark DeSaulnier
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, known as the Equitable Transit Oriented Development Support Act'', seeks to amend title 23 of the United States Code. It focuses on modifying the transportation finance infrastructure and innovation program to include community development financial institutions (CDFIs). The legislation establishes a new process for creating CDFI TOD accounts'' to fund transit-oriented development projects. These projects are defined by their proximity to transit facilities and their support for low-income communities. The bill also establishes a set-aside of up to 10 percent of TIFIA program funds for these accounts. Additionally, it creates a framework for cooperation between the Secretary of Transportation and the Secretary of the Treasury.
Yes· 3 of 5
Would households on low incomes be better off under this?+6
The bill specifically targets the development of housing and services that are affordable to low-income persons.
Does this make housing cost less?+6
The bill facilitates funding for transit-oriented development projects that include housing principally affordable to low-income persons.
Does this make it easier to run a small business?+5
The bill increases the threshold for small projects under the TIFIA program to $4,000,000, making it easier for smaller developments to access capital.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Support for Low-Income Communities: The bill targets ``CDFI TOD project'' development, which includes supporting commercial facilities, community facilities, or housing that is principally affordable to low-income persons (Section 611(a)(1)).
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Access to Capital for Small Projects: The bill increases the threshold for small projects under the TIFIA program from $2,000,000 to $4,000,000 (Section 2(d)(4)(B)(iii)).
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Streamlined Credit Assessment: For CDFIs, the Secretary may rely on a credit assessment from the Secretary of the Treasury instead of requiring investment grade ratings and credit opinions from rating agencies (Section 2(b)(1)(A)(2)(C)).
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Increased Lending Capacity: CDFI TOD accounts can use loan repayments and investment income to augment their lending capacity (Section 611(c)(2)(D)).
Potential Negative Impacts for People
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Risk of Funding Withdrawal: If a CDFI fails to implement the account according to the rules, the Secretary can prohibit them from drawing down any additional proceeds from a secured loan commitment (Section 611(d)).
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Time Constraints on Loan Use: CDFIs must demonstrate they have executed a loan agreement within two years of a secured loan being obligated; if they do not, the Secretary may extend the time or withdraw the commitment (Section 2(b)(1)(A)(7)(C)).
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Limited Project Scope: Eligible project costs for a project capitalizing a CDFI TOD account cannot exceed $100,000,000 (Section 2(b)(1)(A)(2)(B)(v)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+6Good For Urban Residents+4
- Social Issues And Justice
- Improves Affordable Housing+6Improves Poverty Reduction+4
- Economy And Finance
- Improves Small Business Support+5
- 4/30/2026
- Referred to the House Committee on Transportation and Infrastructure.
- Introduced in House