Build HUBS Act modifies TIFIA and RRIF programs to facilitate transit-oriented development projects.
The Build Housing, Unlock Benefits and Services Act (Build HUBS Act) amends the TIFIA and RRIF programs to streamline financing for transit-oriented development projects. It establishes a delegated origination and underwriting program for these projects, allowing qualified originator-servicers to assess creditworthiness without requiring an investment-grade rating. The bill also exempts certain land acquisition activities from the National Environmental Policy Act and extends the TIFIA program's authorization through 2031.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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