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H.R. 4442: Catalyzing Housing and American Ready Growth and Expansion Investments Act

This bill, titled the Catalyzing Housing and American Ready Growth and Expansion Investments Act, aims to amend existing laws related to funding for transit-oriented development projects. These projects are designed to encourage economic development in areas near intercity passenger rail or fixed guideway transit systems, such as railways.

Key Provisions of the Bill

  • Loan Eligibility Expansion: The bill proposes to change the eligibility criteria for direct loans and loan guarantees provided under existing law. Specifically, it allows for financial support for economic development projects that:
    • Are physically connected to or within 1/4 mile of a transit station that uses rail or a fixed catenary system.
    • Are at least 2 miles away from a downtown area that does not have access to intercity passenger rail.
    • Incorporate private investment of more than 20% of the total project costs.
  • Extended Eligibility Radius for Projects: The bill specifies that for projects associated with stations serving intercity rail not located within a downtown core, there is an option to extend the eligibility radius to include the nearest downtown core within a maximum 2-mile radius. This extension is allowed if:
    • The project is within that downtown core.
    • There is public transportation connecting the rail station to the downtown area.
  • Definitions Added: The bill defines key terms to clarify its provisions, including:
    • Downtown core: An area that has the highest concentration of jobs or office space, as identified by local planning authorities.
    • Intercity rail passenger transportation: Defined as per existing laws specifically relating to intercity travel by rail.

Overall, this bill aims to facilitate and finance development projects located near significant public transit stations, with the intention of enhancing economic growth in areas that are currently underserved by intercity rail services.

Relevant Companies

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Sponsors

2 bill sponsors

Actions

2 actions

Date Action
Jul. 16, 2025 Introduced in House
Jul. 16, 2025 Referred to the House Committee on Transportation and Infrastructure.

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