Community College Infrastructure Financing Act

This bill creates a tax credit system for bonds that community colleges can use to finance infrastructure projects. It allows states to issue up to $1 billion in these bonds annually for specific purposes like building or renovating college facilities, providing broadband access, or offering student childcare and housing. The bonds must be used in underserved areas and meet green building standards, with priority given to colleges serving historically underserved communities. The program requires states to apply for allocations and ensures construction projects meet prevailing wage standards. This directly affects public community colleges in qualified areas and the states that issue these bonds.