Monday, June 30, 2008 - 1:44 PM PDT
Blumenauer legislation takes aim at auto travel
Portland Business Journal
U.S. Rep. Earl Blumenauer unveiled legislation Monday that would create federal grant programs to boost transit ridership, offer a tax credit for telecommuting, and increase benefits for home owners buying properties near mass transit.
The aim of the Transportation and Housing Options for Gas Price Relief Act is to provide transportation and housing options that reduce reliance on personal vehicles.
Blumenauer, an Oregon Democrat, outlined the proposal during a news conference from his Portland office. He was joined by officials from environmental groups and regional transportation planning authorities.
Among the proposals:
A grant program to support community investments in transportation alternatives, such as carpool projects, car-sharing programs and street upgrades for bicycles and pedestrians.
A public transit grant program to help transit agencies manage increasing fuel prices and demand.
A tax credit for qualified teleworking expenses for employers and employees.
Extending an existing Transportation Fringe Benefit to bicyclists and increasing it for public transit uses.
To require the U.S. Secretary of Housing and Urban Development to incorporate transportation costs into housing affordability measures and standards. Also, it would require the U.S. Secretary of Transportation to develop a transportation costs model that real estate agents could use to disclose to home buyers.
Increasing access to location-efficient mortgages that increase a borrower's income by $1 for each dollar of transportation savings. The bill would establish annual goals for Freddie Mac and Sallie Mae for offering the mortgages
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