🏗️Public Interest Waiver for Transit-Oriented Development Housing Projects
Public Interest Waiver of the Application of Certain Domestic Preference Requirements and Policies for Transit-Oriented Development Housing Projects
Summary
In order to expeditiously deliver projects and provide meaningful infrastructure results while ensuring the appropriate application of domestic content standards, the U.S. Department of Transportation (DOT) is issuing waiver for the domestic preference requirements for manufactured products applicable to certain transit- oriented development (TOD) housing projects that receive credit assistance through the Build America Bureau (the Bureau) under the Transportation Infrastructure Finance and Innovation Act (TIFIA) and Railroad Rehabilitation and Improvement Financing (RRIF) credit programs.
Agencies
- Transportation Department
- N/A
Business Impact
$$ - Med
The waiver of domestic preference requirements for TIFIA and RRIF financing on TOD housing projects directly affects business owners involved in these developments, allowing for greater flexibility in sourcing materials and potential cost savings. The effective waiving of certain compliance burdens encourages the timely initiation of transit-oriented housing projects, enhancing infrastructure development and investment opportunities.