Build HUBS Act

This bill extends two federal transportation loan programs, TIFIA and the railroad loan program (RRIF), through fiscal years 2027–2031 and changes how they finance building projects within a half-mile walk of transit stations. It defines "attainable housing projects" as transit-area projects where most units are affordable to households earning up to 80 percent of area median income, and sets their loan interest rate at half the Treasury rate. It allows transit-area projects to qualify for loans without an investment-grade credit rating and creates programs in which approved private lenders, modeled on a federal housing lending system, would handle loan approval and servicing. It also exempts certain land purchases and office-to-housing conversions near transit from federal environmental review, and states that it does not override state or local zoning laws.

Full text and official record on Congress.gov

Sponsors

• Laura Friedman Democrat sponsor
• 3 cosponsors