Introduction of the Promoting Equitable Transit-Oriented Development and Mobility Corridors Act

Floor Speech

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Mr. GARCIA of Illinois. Madam Speaker, I rise to introduce the Promoting Equitable Transit-Oriented Development and Mobility Corridors Act along with my colleague Congresswoman Bonnie Watson Coleman.

Pent-up demand for walkable communities has accelerated land prices and rents which has displaced both small businesses and affordable housing faster than state and local governments can respond. Additionally, suburban and rural communities lack the resources needed to upgrade their local infrastructure, housing and economic strategies to remain economically viable.

The Promoting Equitable Transit-Oriented Development and Mobility Corridors Act will combat housing affordability issues and displacement of businesses by reversing the incentive to build luxury dwellings near transit. Instead, the bill will promote affordable housing development near transit and in priority investment areas.

This legislation establishes an Office of Equitable Transit Oriented Development in the DOT, creates incentives to combat gentrification, promotes affordable housing near transit, and reduces vehicle miles traveled and carbon emissions. It will also allow rural, suburban, and urban governments to develop more equitable planning practices through Technical Assistance grants.

I am glad that the Promoting Equitable Transit-Oriented Development and Mobility Corridors Act is endorsed by Elevated Chicago, The Chicago Community Trust, Smart Growth America, LOCUS: Responsible Real Estate Developers and Investors and Transportation for America.

The Promoting Equitable Transit-Oriented Development and Mobility Corridors Act will ensure all Americans have equal access to healthy, walkable and prosperous communities.

I urge this body to swiftly pass this legislation.

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