HB 1484 Summary

• Establishes the Transit-Oriented Community Improvement Partnership as a public agency within the Department of Transportation to plan and develop affordable, walkable communities along transit corridors within half a mile of rail lines.

• Partnership shall coordinate development of infrastructure, housing, parking hubs, public spaces, cultural facilities, and local economic development opportunities to reduce housing costs by up to $75,000 per unit and transportation costs by $15,000+ annually.

• Creates a Community Improvement Revolving Fund and authorizes the partnership to issue revenue bonds up to amounts authorized by the legislature to finance project facilities and acquire non-public lands.

• Partnership projects are exempt from state and county zoning, land use, construction standards, and special improvement district requirements, though planning must be coordinated with county planning departments.

• Establishes a board of directors including the finance director, DOT multimodal coordinator, climate commission co-chairs, and four governor/legislature-appointed members; appropriates funds for operations and staffing (effective July 1, 3000).