A bill to encourage transit-oriented development, and for other purposes.
Jumpstarting Transit-Oriented Development Act - Authorizes the Secretary of Transportation (DOT) to award grants to transit agencies, state or local governments, metropolitan planning organizations, tribal governments, or partnerships among them to establish a specific, implementable strategy for mixed-income, mixed-use development projects that lead to successful transit-oriented development within one-half mile of an existing or planned major transit facility.
Defines "major transit facility" to mean: (1) a station that is part of a fixed-guideway public transportation system, (2) a high-speed rail or intercity rail station, (3) a transit hub, or (4) a transit center located in a nonurbanized area.
Authorizes the Secretary to make or guarantee loans to eligible borrowers to carry out such projects.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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