HI HB1484

Establishes the Transit-Oriented Community Improvement Partnership as a public body within the Department of Transportation to plan, coordinate, and develop walkable communities along transit corridors with affordable housing, infrastructure, public spaces, and amenities

Creates the Community Improvement Revolving Fund to finance partnership projects through state appropriations, bond proceeds, and facility revenues, with authority to issue revenue bonds and make investments in community development enterprises

Defines transit-oriented community improvement areas as lands within one-half mile of rail lines, with the partnership empowered to build parking hubs, parks, public gathering spaces, arts and cultural facilities, and commercial spaces for local economic development

Allows the partnership to waive parking requirements near public parking hubs, require commercial space on ground floors of housing developments, and establish community improvement districts with fee mechanisms approved by stakeholders

Exempts the partnership from state taxes and from certain zoning, land use, and special improvement district requirements; requires annual reports to the governor and legislature