Promoting transit-oriented housing development.
What changed between versions
Added bus rapid transit stops to the definition of 'major transit stop,' requiring cities to permit higher density and affordable housing near these stops in addition to rail stations.
Modified tax exemption criteria to allow counties, not just cities, to approve exemptions for multifamily housing located in station areas if the project meets specific density and affordability requirements.
Created a new pilot program requiring the state Department of Transportation to select up to three park-and-ride facilities in counties with over 2 million people to convert into affordable housing.
Extended the deadline for cities to comply with new transit-oriented housing rules from December 31, 2029, to December 31, 2029, or the first implementation report after December 31, 2024, whichever is earlier, and updated the trigger for new compliance deadlines to include the completion of any major transit stop.
Added a requirement for cities to allow greater building height and increased density in all bus station areas for developments constructed entirely with mass timber products.
Added a requirement for local governments to provide a 50% reduction in impact fees for multiple-unit housing projects located in station areas that qualify for property tax exemptions.
Updated the definition of 'workforce housing' to clarify income thresholds and added a new definition for 'mass timber products' to incentivize their use in high-density bus station areas.
Extended the date for cities to continue requiring certain public benefits in incentive programs from January 1, 2025, to December 31, 2025.