[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2483 Introduced in House (IH)]
<DOC>
117th CONGRESS
1st Session
H. R. 2483
To amend title 49, United States Code, to include affordable housing
incentives in certain capital investment grants, and for other
purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
April 13, 2021
Mr. Peters (for himself, Mrs. Rodgers of Washington, Ms. Strickland,
Mr. Kilmer, Mr. David Scott of Georgia, Mr. Lowenthal, Mr. Bera, Mr.
Suozzi, and Ms. Blunt Rochester) introduced the following bill; which
was referred to the Committee on Transportation and Infrastructure, and
in addition to the Committee on Financial Services, for a period to be
subsequently determined by the Speaker, in each case for consideration
of such provisions as fall within the jurisdiction of the committee
concerned
_______________________________________________________________________
A BILL
To amend title 49, United States Code, to include affordable housing
incentives in certain capital investment grants, and for other
purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Build More Housing Near Transit Act
of 2021''.
SEC. 2. AFFORDABLE HOUSING INCENTIVES IN CAPITAL INVESTMENT GRANTS.
Section 5309 of title 49, United States Code, is amended--
(1) in subsection (g)--
(A) in paragraph (2)(B)--
(i) in clause (i) by striking ``; and'' and
inserting a semicolon;
(ii) in clause (ii) by striking the period
and inserting ``; and''; and
(iii) by adding at the end the following:
``(iii) allow a weighting of up to five
percentage points greater to the criteria
relating to economic development under
subsection (d)(2)(A)(iii) or (e)(2)(A)(iv), as
applicable, and up to five percentage points
lesser to the lowest scoring criteria under
either such subsection, if the applicant
demonstrates substantial effort to preserve or
encourage affordable housing near the project
by--
``(I) providing documentation of
policies that allow for the approval of
multi-family housing, single room
occupancy units, and accessory dwelling
units without a discretionary review
process;
``(II) providing local capital
sources for transit-oriented
development; or
``(III) other methods, as
determined appropriate by the
Secretary.'';
(B) in paragraph (3)--
(i) in subparagraph (C) by striking ``and''
at the end;
(ii) by redesignating subparagraph (D) as
subparagraph (E); and
(iii) by inserting after subparagraph (C)
the following:
``(D) in the case of a warrant that applies to the
criteria relating to economic development under
subsection (d)(2)(A)(iii) or (e)(2)(A)(iv), the
applicant that requests the use of such warrant has
completed and submitted a housing feasibility
assessment; and''; and
(C) by adding at the end the following:
``(8) Definition.--In this subsection, the term `housing
feasibility assessment' means an analysis of the physical,
legal, and financial viability of developing additional housing
along a project corridor.''; and
(2) in subsection (l)(4)--
(A) in subparagraph (B) by striking ``; or'' and
inserting a semicolon;
(B) in subparagraph (C) by striking the period at
the end and inserting ``; or''; and
(C) by adding at the end the following:
``(D) from grant proceeds distributed under section
103 of the Housing and Community Development Act of
1974 (42 U.S.C. 5303) or section 201 of the Public
Works and Economic Development Act of 1965 (42 U.S.C.
3141), except that--
``(i) such proceeds are used in conjunction
with the planning or development of affordable
housing; and
``(ii) such affordable housing is located
within one-half of a mile of a new defined
station.''.
<all>