3.0.0 5783 2022-02-08T23:17:46Z 2022-02-08T23:17:46Z House HR 2020-02-06 116 [Congressional Record Volume 166, Number 25 (Thursday, February 6, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]Mr. DeSAULNIER:H.R. 5783.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8.[Page H936]]]> hspw00 Transportation and Infrastructure Committee House Standing hspw12 Highways and Transit Subcommittee Referred to 2020-02-07T15:59:23Z Referred to 2020-02-06T15:02:30Z 2020-02-07 hspw12 Highways and Transit Subcommittee 1 House committee actions Referred to the Subcommittee on Highways and Transit. Committee 2020-02-06 Referred to the House Committee on Transportation and Infrastructure. IntroReferral H11100 2 House floor actions hspw00 Transportation and Infrastructure Committee 2020-02-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-02-06 Introduced in House IntroReferral 1000 9 Library of Congress D000623 Rep. DeSaulnier, Mark [D-CA-11] Mark DeSaulnier D CA 11 N Transportation and Public Works Community Development Financial Institutions Fund Economic development Government lending and loan guarantees Infrastructure development Public transit Rural conditions and development Transportation programs funding Urban and suburban affairs and development Transportation and Public Works 00 2020-02-06 Introduced in House 2021-04-26T18:35:12Z Equitable Transit Oriented Development Support Act

This bill revises the transportation finance infrastructure and innovation (TIFIA) program to make community development financial institutions (CDFIs) eligible for federal transportation infrastructure loans.

The loans must be used for CDFI transit-oriented development projects located within one-half mile in an urban area or three-fourths of a mile in a rural area of a fixed guideway transit facility, passenger rail station, intercity bus station or intermodal facility that supports (1) commercial facilities or businesses that are located in low-income communities, (2) community facilities that are located in low-income communities or principally serve low-income persons, or (3) housing that is principally affordable to low-income persons.

The Department of Transportation (DOT) must require any CDFI participating in the TIFIA program to establish a CDFI transit-oriented development account into which the proceeds of a secured loan made to the CDFI and any loan repayments from public or private entities receiving loans made to fund CDFI transit-oriented development projects will be deposited.

DOT must set-aside not more than 10% of funding available to carry out the TIFIA program for CDFI transit-oriented development accounts.

]]> Equitable Transit Oriented Development Support Act Display Title Equitable Transit Oriented Development Support Act Official Title as Introduced To amend title 23, United States Code, to modify the transportation finance infrastructure and innovation program with respect to community development financial institutions, and for other purposes. Introduced in House IH Short Title(s) as Introduced Equitable Transit Oriented Development Support Act Introduced in House IH Introduced in House 2020-02-06T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr5783ih/xml/BILLS-116hr5783ih.xml 2020-02-07 Referred to the Subcommittee on Highways and Transit. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.