Equitable and Inclusive Transit–Oriented Development Enhancement Act
If enacted, HB 710 would positively influence state policies regarding public infrastructure investment and economic development. It allows the Department of Transportation to utilize the newly created fund to support localities in enhancing transit accessibility and supports economic activities in areas surrounding transit stations. The funding can be allocated for design plans, public infrastructure improvements, and gap funding for development projects, ensuring that communities are better serviced by public transport options.
House Bill 710, titled the Equitable and Inclusive Transit-Oriented Development Enhancement Act, aims to enhance the development of transit-oriented projects throughout Maryland. The bill proposes amendments to the More Jobs for Marylanders Program, extending eligibility for certain benefits to business entities located within designated transit-oriented developments. It seeks to establish a Transit-Oriented Development Capital Grant and Revolving Loan Fund, providing financial assistance to local jurisdictions for designing and improving infrastructure in these areas.
Notable points of contention around HB 710 include the balance of state and local government powers regarding planning and land use. While the bill promotes development in transit-oriented areas, there are concerns that it may inadvertently limit local governments’ ability to govern land use, as it provides more centralized control over funding decisions. Additionally, potential criticisms may arise from stakeholders who could view state intervention in local economic development initiatives as excessive or misaligned with local needs. Ensuring equitable access to development benefits for all community members, particularly underrepresented groups, remains a crucial aspect of the discussion surrounding this bill.