The CHARGE Investments Act would expand eligibility for loans and loan guarantees under the railroad rehabilitation and improvement program. Eligible projects could include commercial or residential development and related infrastructure near certain rail transit stations. The projects would need to meet distance rules and include private investment greater than 20% of total project costs. The bill would also let some projects near intercity rail stations qualify within a nearby downtown core if public transportation connects the station and project area.
Some development projects near rail stations could qualify for these loans or guarantees if they meet the bill’s requirements. The bill does not guarantee that any project will receive financing or specify how individual communities or residents would be affected.
No publicly available information about total costs or funding amounts.
No publicly available information.
No publicly available information.