HR 8969 · 116th Congress · Taxation
Transportation Oriented Development Act of 2020
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2020-12-15)
Plain Language Summary
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Transportation Oriented Development Act of 2020 This bill increases the low-income housing tax credit for buildings in transit-oriented development areas. The bill defines a transit-oriented development area as a designated area located within 1/4 mile from a rail, bus, harbor, or waterway station and zoned for high density. The bill also directs the Department of Housing and Urban Development to study cost-of-living differences based on geographic location and proximity and accessibility to transit.…
Summarized by Claude AI · Non-partisan · For informational purposes only