Transit-Oriented Housing Development Act of 2026
Increases bond capacity and housing tax credits for qualifying rental projects near transit, and provides annual funding to the Housing Trust Fund.
In the Senate Finance Committee since Sept. 24, 2026, 14 days after it was introduced. Most bills never leave committee.
- INTRODUCEDINTROSEP 24, 2026
- COMMITTEECOMM.IN COMMITTEE
- SENATESENATE—
- HOUSEHOUSE—
- LAWLAW—
What the bill would do, and why it matters
Housing projects can use bonds and tax credits as financing tools. The bill would increase state bond capacity for qualifying rental housing near transit and raise the housing tax credit calculation for buildings financed with those bonds. It would also provide annual Housing Trust Fund appropriations, with states prioritizing projects near transit.
- INTRODUCED ONLY This bill has been introduced and possibly referred to a committee, but it has not passed any vote. Most introduced bills never become law — they die in committee without a hearing.
- DATA NOTE No Congressional Research Service summary was available.
- Increase bond capacity for transit-area housing
For calendar years beginning after 2025, each state's private activity bond ceiling would increase by 30%. The added capacity could be used only for qualifying rental housing projects within a half-mile of specified transit stations or stops, with income and affordability requirements for residents and units.
- Increase credits for qualifying buildings
For buildings financed in part by qualifying housing bonds issued after December 31, 2025, the bill would count 150% of the eligible basis of a new building—or 150% of rehabilitation expenditures for an existing building—when calculating the housing tax credit. The figure would be 200% for buildings whose construction workers are paid at least the prevailing wage.
- Fund the Housing Trust Fund
The bill would appropriate $30,000,000,000 for each fiscal year from 2026 through 2035. States would have to give priority to Housing Trust Fund projects within a transit hub when distributing these funds.
The bill would steer additional bond capacity, tax-credit incentives, and Housing Trust Fund support toward rental housing near public transportation. Its eligibility rules also tie that support to income limits and rent-restricted units, so the funding would be targeted rather than generally available to all housing projects.
Written from the bill text.
The path it took, step by step
- IntroducedSEP 24, 2026SENATESEP 24, 2026By Sen. BookerReferred to Finance
- SAME DAYNOWSenate committeeSEP 24, 2026FINANCE NOWSEP 24, 2026In committee for 14 daysNo hearing yet
- 14 DAYS SO FARPassed the Senate—SENATE FLOOR—Not scheduled
- House committee—HOUSE—
- Passed the House—HOUSE FLOOR—Not scheduled
- Resolve differencesONLY IF NEEDEDBOTH CHAMBERSONLY IF NEEDEDSkipped if the other chamber passes the same text
- Signed into law—PRESIDENT—10 days to sign or veto
- SEP 242026SEP 24, 2026REFERREDRead twice and referred to the Committee on Finance.
- SEP 242026SEP 24, 2026INTRODUCEDSENATEIntroduced in Senate
At day 14, this bill is already older than 3% of the laws passed this Congress were when they were signed.
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