,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #hifi  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,decemb] #ae1         
#bjbj,ms4 ,gabb>d introduc$ ! foll[+    
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to modify
 ! l[-income h\s+ cr$it to inc5tivize   
af=dable & transit-ori5t$ developm5t1 & 
= o!r purposes4  #a4 ,%ort title ,?is   
,act may be cit$ z ! ,transportation    
,ori5t$ ,developm5t ,act ( #bjbj4  #b4  
,l[-income h\s+ cr$it = transit-ori5t$  
developm5t areas  7a7 ,9 g5]al ,section 
#db7;d77#e7 ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ by add+ at ! end !      
foll[+ new subp>agraph3  7,c7 ,increase 
9 cr$it = build+s 9 transit-ori5t$      
developm5t areas  7i7 ,9 g5]al ,9 ! case
 ( any build+ locat$ 9 a transit-ori5t$ 
developm5t area :i* is designat$ =      
purposes ( ?is subp>agraph-- 7,i7 9 !   
case ( a new build+1 ! eligible basis ( 
su* build+ %all be #aej p]c5t ( su*     
basis det]m9$ )\t reg>d to ?is          

subp>agraph1 &  7,,ii7 9 ! case ( an    
exi/+ build+1 ! rehabilitation          
exp5ditures tak5 into acc\nt "u         
subsection 7e7 %all be #aej p]c5t ( su* 
exp5ditures det]m9$ )\t reg>d to ?is    
subp>agraph4  7ii7 ,transit-ori5t$      
developm5t area ,= purposes ( ?is       
subp>agraph1 ! t]m transit-ori5t$       
developm5t area means an area designat$ 
by ! ,secret>y ( ,h\s+ & ,urban         
,developm5t & ,/ate h\s+ cr$it ag5cy z  
locat$ 9 an area )9 #a_/d ( a mile f a  
rail1 bus1 h>bor1 or wat]way /ation & z 
zon$ = high-d5sity4  7iii7 ,limit on    
areas designat$ ,! portions (           
metropolitan /ati/ical areas :i* may be 
designat$ = purposes ( ?is subp>agraph  
%all n exce$ an aggregate area hav+ #bj 
p]c5t ( ! population ( su* metropolitan 
/ati/ical areas4 ,a comp>able rule %all 
apply to nonmetropolitan /ati/ical      
areas4  7iv7 ,coord9ation ) high co/    
areas ,if ! eligible basis ( a new      
build+1 or ! rehabilitation exp5ditures 
) respect to an exi/+ build+1 are       

det]m9$ pursuant to subp>agraph 7,b71   
su* build+ %all n be treat$ z locat$ 9 a
 transit-ori5t$ developm5t area =       
purposes ( ?is subp>agraph4  4  7b7     
,effective date ,! am5dm5t made by ?is  
section %all apply to build+s plac$ 9   
s]vice aft] ! date ( ! enactm5t ( ?is   
,act4  #c4 ,,hud /udy reg>d+ adju/m5t ( 
tax cr$it allocations to reflect        
geographic co/-(-liv+ diff]5ces ,!      
,secret>y ( ,h\s+ & ,urban ,developm5t  
%all conduct a /udy to id5tify          
co/-(-liv+ diff]5ces ?r\gh\t ! ,unit$   
,/ates bas$ on geographic location &    
proximity & accessibility to transit4 ,n
 lat] ?an ! expiration ( ! #a-ye> p]iod 
beg9n+ on ! date ( ! enactm5t ( ?is     
,act1 ! ,secret>y %all submit a report  
to ! ,congress sett+ =? ! results &     
conclusions ( ! /udy & recomm5d+ =mulas 
= ! adju/m5t ( annual allocations to !  
,/ates ( l[-income h\s+ tax cr$its "u   
section #db ( ! ,int]nal ,rev5ue ,code (
 #aihf 7#bf ,u4,s4,c4 #db7 to reflect   
su* co/-(-liv+ diff]5ces4