,i #aafth ,,congress #ast ,session ,h4 ,r4 #dcjg ,,in ,,the ,,house ,,of ,,representatives ,september #ab1 #bjai,mr4 ,peters 7for himself1 ,mrs4 ,rodgers of ,washington1 ,mr4 ,heck1 ,mr4 ,payne1 ,ms4 ,hill of ,california1 and ,mr4 ,gallagher7 introduced the following bill2 which was referred to the ,committee on ,transportation and ,infrastructure ,a ,,bill ,to amend title #di1 ,united ,states ,code1 relating to certain requirements for the engineering phase of fixed guideway capital investment grants1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,build ,more ,housing ,near ,transit ,act4 #b4 ,findings ,congress finds the following3 7#a7 ,an underproduction in housing units relative to demand has led to a national housing shortage4 7#b7 ,the shortage of housing leaves #dg percent of households cost-burdened1 paying more than #cj percent of their income on rent4 7#c7 ,the number of housing units underproduced from #bjjj through #bjae is equal to #g4c million units in #bc ,states4 7#d7 ,lack of housing supply and rising rent costs exacerbate inequality and reduce opportunity for many ,americans4 7#e7 ,over half of all renters are cost-burdened1 paying more than #cj percent of their income for housing1 and #ga percent of extremely low-income households are severely cost-burdened1 paying more than half of their income for housing4 7#f7 ,low-income households often live far from their jobs which may result in long commute times1 increased cost burdens1 and limitations on the jobs they can access4 7#g7 ,low-income households who live near public transit have lower cost burdens than those who live far from public transit4 7#h7 ,public transit system ridership is higher if more housing is located within walking distance of transit stations4 7#i7 ,housing built around transit stops should target middle-income families1 particularly those with #fj to #ajj percent area median income4 #c4 ,engineering phase of fixed guideway capital investment grants 7a7 ,in general ,section #ecji7;d77#b7 of title #di1 ,united ,states ,code1 is amended-- 7#a7 in subparagraph 7,a7-- 7,a7 by striking clause 7iii7 and inserting the following3 7iii7 is justified based on a comprehensive review of the project's mobility improvements1 the project's environmental benefits1 congestion relief associated with the project1 economic development effects and real estate development associated with the project 7as evidenced by a housing feasibility assessment conducted by the applicant71 current and proposed land use policies and patterns of the project that support public transportation and ridership1 and the project's cost-effectiveness as measured by cost per rider2 and 2 and 7,b7 in clause 7iv7 by inserting before the period the following3 1 and a commitment of local land use policies to accommodate affordable and market-rate housing development associated with the project2 and 7#b7 by adding at the end the following3 7,c7 ,proposed changes to land use policies ,proposed changes to local land use policies for purposes of the commitment to such policies under subparagraph 7,a77iv7 shall be evaluated based on the housing feasibility assessment for parcels in the project station walkshed using standard real estate financial models that consider1 among other possible factors1 density1 development certainty1 market interest1 exemption of minimum parking requirements1 by-right development1 agency ownership of land1 and regional growth goals4 4 7b7 ,technical correction ,section #ecji7;f7 of title #di1 ,united ,states ,code1 is amended by striking subsection 7d77#b77;,a77v7 each place it appears and inserting subsection 7d77#b77;,a77iv74