Establishes the transit oriented community improvement partnership to develop affordable communities.
The bill establishes the transit oriented community improvement partnership to coordinate transit oriented community development, build missing amenities, and lower the cost of housing. The partnership can acquire land, issue revenue bonds, and develop projects. It aims to create walkable communities with public spaces, parks, and mixed-use commercial areas. The partnership can also establish community improvement districts to provide additional services and improvements. The partnership is exempt from state taxes and certain statutes.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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