The National Multifamily Housing Council commends Senators Blunt Rochester and Curtis and Representatives Friedman and Lawler for introducing the Build Housing, Unlock Benefits and Services Act (Build HUBS Act) to update the Department of Transportation’s (DOT), Transportation Infrastructure Finance and Innovation Act (TIFIA) and Railroad Rehabilitation and Improvement Financing (RRIF) programs to ensure that housing providers can access critical funding sources to spur the development of much-needed housing across the country.
The TIFIA and RRIF programs play an important role in financing transportation projects; however, until now it has been impossible for housing providers to access and use them for transit-oriented development. As Congress considers the upcoming surface transportation reauthorization, we look forward to working on legislation that makes it easier for housing providers to utilize DOT funds provided by the TIFIA and RRIF programs.
Staff Resource
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