Equitable Transit Oriented Development Support Act
This bill creates a program to support transit-oriented development projects in low-income communities through Community Development Financial Institutions (CDFIs). It establishes "CDFI TOD accounts" that allow CDFIs to receive federal loan funds to make loans for projects near transit facilities (within one-half mile in urban areas or three-fourths of a mile in rural areas) that serve low-income residents, including affordable housing, community facilities, and businesses owned by or serving low-income people. The bill sets aside 10% of TIFIA program funds for these accounts, with project limits of $100 million, and requires CDFIs to make loans with repayment terms not exceeding 30 years. The program aims to help CDFIs provide financing for development near transit hubs that benefits low-income communities.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2023
Committee Review
Floor Vote
President
Introduced Jul 25, 2023
Last action Jul 26, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Jul 26, 2023
Committee
Referred to the Subcommittee on Highways and Transit.
lower
Jul 25, 2023
Committee
Referred to the House Committee on Transportation and Infrastructure.
lower
Jul 25, 2023
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
Ask Maddy
·
AI policy assistant
Ask Maddy about HR 4857
Scope: US
Hi! I can help you understand HR 4857. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline