Search Results for keywords:"credit assistance"

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Search Results: keywords:"credit assistance"

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  • 2025-01113 — Public Interest Waiver of the Application of Certain Domestic Preference Requirements and Policies for Transit-Oriented Development Housing Projects
    Type:Notice
    Citation:90 FR 6048
    Reading Time:about 8 minutes

    The U.S. Department of Transportation (DOT) has issued a waiver for the Buy America requirements for transit-oriented development (TOD) housing projects getting credit assistance from TIFIA and RRIF programs. This waiver will affect TOD projects entering creditworthiness review by the end of 2025 and is intended to expedite these projects while maintaining domestic content standards. The DOT will keep working with borrowers to understand material sources and improve their policy for future projects. The waiver applies to both for-profit and non-Federal entity borrowers.

    Simple Explanation

    The U.S. Department of Transportation is letting some projects use foreign-made parts to build new homes near train stations faster. They think this will help get the projects done more quickly, but some people worry it might be tough on American factories.

  • 2024-28820 — Public Interest Waiver of the Application of Certain Domestic Preference Requirements and Policies for Transit-Oriented Development Housing Projects
    Type:Notice
    Citation:89 FR 97703
    Reading Time:about 9 minutes

    The U.S. Department of Transportation is proposing a waiver of certain Buy America requirements for transit-oriented development (TOD) housing projects financed through specific credit programs. This waiver would apply to projects that go through credit review before the end of 2025 and aims to balance the need for quick development with domestic content standards. They're encouraging public comments on this proposal. The waiver mainly affects requirements for manufactured products but retains standards for steel, iron, and construction materials.

    Simple Explanation

    The U.S. Department of Transportation wants to make it easier and quicker for certain train station areas to have new homes built by allowing them to use some non-USA made parts, but they still have to use American steel and materials for big building parts. They are also asking people what they think about this idea.