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2026 Session

Budget Amendments - SB30 (Committee Approved)

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Funding Opportunities for Transit-Orientated Development (language only)

Item 435 #1s

Item 435 #1s

Transportation
Department of Rail and Public Transportation

Language

Page 510, after line 7, insert:

"C. The Virginia Department of Rail and Public Transportation, with assistance from the Virginia Department of Housing and Community Development, shall conduct a statewide study to plan, promote, and identify funding opportunities for transit-orientated development around existing and proposed transit and rail stations. The study also will include an analysis of potential barriers to housing production and economic development in these areas. The Virginia Department of Rail and Public Transportation shall submit the results of the study to the Governor and the General Assembly on or before December 15, 2026."



Explanation

(This amendment directs the Virginia Department of Rail and Public Transportation, with assistance from the Virginia Department of Housing and Community Development, to conduct a statewide study to plan, promote, and identify funding opportunities for transit-orientated development around existing and proposed transit and rail stations and include an analysis of potential barriers to housing production and economic development in these areas.)