Transit Oriented Development Act of 2026

This bill changes the federal low-income housing tax credit to give a larger credit for buildings in designated transit-oriented development areas. These areas are within half a mile of a rail, bus, harbor, or waterway station and are zoned for high-density housing, as designated by HUD and the state housing credit agency. For qualifying buildings, the amount used to figure the credit would be 150 percent of the normal amount, or 155 percent in Hawaii, Alaska, and U.S. territories. Designated areas could not cover more than 20 percent of a metropolitan area's population, and buildings already receiving the high-cost-area increase could not also receive this one. The bill also requires HUD to study geographic cost-of-living differences and report to Congress within one year with formulas for adjusting state tax credit allocations.

Full text and official record on Congress.gov

Sponsors

• Ed Case Democrat sponsor
• 2 cosponsors