H.R. 1615 · 117th Congress
Maximizing Our Redevelopment and Efficiency for Transit Oriented Development Act of 2021
- Stage
- In committee
- Sponsor
- Anthony Brown
- Introduced
- 2021-03-08
- Latest action
- 2021-03-09 · Referred to the Subcommittee on Highways and Transit.
Summary
Maximizing Our Redevelopment and Efficiency for Transit Oriented Development Act of 2021 or the More TOD Act
This bill authorizes the Department of Transportation to provide transit-oriented development planning grants to states, local governments, or metropolitan planning organizations. These grants shall be awarded to assist in the financing of comprehensive planning that is associated with a new or existing fixed guideway capital system project.
Grants may be used to (1) enhance economic development, ridership, and other goals; (2) facilitate multimodal connectivity and accessibility; (3) increase access to transit hubs for pedestrian and bicycle traffic; (4) enable mixed-use development; (5) identify infrastructure needs; and (6) include private sector participation in facilitating a project.
A grant shall not exceed 80% of total project costs, except that a grant that includes an affordable housing component shall not exceed 90% of total project costs.