Transit Oriented Development Act of 2026

Key Points

• This bill would give developers a larger tax break if they build affordable housing near public transportation like buses, trains, or ferries. To qualify, the housing must be within a half-mile of a transit station and in an area zoned for high-density living.
• The tax credit for these projects would increase by 50 percent for most of the country. In places like Hawaii, Alaska, and U.S. territories where building costs are often higher, the tax credit would increase by 55 percent to help make these projects more affordable to build.
• The goal is to make it easier for people with lower incomes to live near the transportation they need for work and daily life. By encouraging building in these specific spots, the bill aims to reduce the total cost of living for families who rely on public transit.
• The Department of Housing and Urban Development would be required to study how the cost of living varies across the country. They would look at how being close to transit affects these costs and suggest new ways to hand out housing tax credits based on those findings.

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