Build More Housing Near Transit Act of 2023

S 3216, the Build More Housing Near Transit Act of 2023, amends federal transit grant rules to incentivize housing development near transit. It defines "pro-housing policies" as local actions removing regulatory barriers (like reducing parking minimums or streamlining approvals for multi-family housing) and adds a 1-point rating boost in grant evaluations for projects demonstrating such policies within walking distance of transit. This directly affects transit project applicants seeking federal capital investment grants by making it easier to secure funding if they incorporate housing-friendly local policies. The bill focuses on concrete policy changes in grant scoring, not on mandating new housing construction, and requires consultation with HUD to assess expected housing outcomes.