# 119-hr-7062: Build HUBS Act 119-hr-7062, Build HUBS Act, is a 119th Congress bill sponsored by Rep. Friedman, Laura [D-CA-30] (D-CA); status in_committee; PRIA reads it as touching household money (as of 2026-08-21). - Canonical: https://policyrisk.com/legislation/119-hr-7062 - As of: 2026-08-21 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: 119-hr-7062 - Congress: 119 - Title: Build HUBS Act - Status: in_committee - Introduced: 2026-01-14 - Sponsor: Rep. Friedman, Laura [D-CA-30] (D-CA) - Cosponsors: 3 - Policy area: Transportation and Public Works - Touches household money: yes - Last recorded action: 2026-08-21 ## Summary **This bill expands federal credit for building attainable housing near transit.** It extends TIFIA and RRIF through 2027–2031, creates a delegated origination and underwriting program to speed lending, and narrows some NEPA reviews for transit-oriented development. ## Cosponsors (3) - Rep. Lawler, Michael [R-NY-17] (R-NY), 2026-01-14T00:00:00.000Z - Rep. Garbarino, Andrew R. [R-NY-2] (R-NY), 2026-02-04T00:00:00.000Z - Rep. Peters, Scott H. [D-CA-50] (D-CA), 2026-02-11T00:00:00.000Z ## Provisions PRIA read - Definitions for transit-oriented projects: benefit, medium. If enacted, the bill would define which development counts as transit-oriented (within one-half mile of qualifying stations and able to generate new revenue for the station or service). It would also define railroad-serviced transportation-oriented projects with a similar one-half mile rule and a r… - More TIFIA help for affordable units: benefit, medium. If enacted, the bill would define "attainable housing projects" as transit-area projects that serve households up to 120% of AMI and have a majority of units affordable to households at or below 80% of AMI. For such TIFIA projects, at least 75% of total TIFIA assistance would have to be used for th… - Delegated lenders and new credit tests: benefit, medium. If enacted, the bill would create a delegated origination, underwriting, and servicing program for TIFIA and RRIF. Approved private originator-servicers would underwrite and certify creditworthiness under Secretary oversight and must service loans for their life. The bill would also allow alternati… - TIFIA and RRIF authorization extended: benefit, medium. If enacted, the bill would extend the statutory authorization windows for both TIFIA and RRIF so each program is authorized for fiscal years 2027 through 2031. That keeps the credit programs available to finance transit and rail-related development in those years. - Lower loan rates for attainable housing: benefit, medium. If enacted, the bill would set TIFIA and RRIF loan interest for qualifying "attainable housing" projects at one-half of the Treasury rate on the loan execution date. This applies only to projects that meet the bill's attainable housing definition. The lower rate would reduce borrowing costs for dev… - Clear fees and underwriting guidance: benefit, low. If enacted, the bill would require the Secretary and approved originator-servicers to publish clear fee schedules and underwriting guidance for TIFIA and RRIF transit-oriented projects. Guidance must cover debt-service coverage ratios, loan-to-cost and loan-to-value limits, and distribution covenan… - TIFIA loan size capped at 75%: cost, medium. If enacted, the bill would limit secured TIFIA loans for qualifying transit-oriented development projects with significant housing components or public partners to no more than 75 percent of reasonably anticipated eligible project costs. Project sponsors would need other financing for the remaining… - Streamlined NEPA rules for transit projects: mixed, medium. If enacted, the bill would limit NEPA review for some pre-award land acquisitions for TOD and create categorical exclusions for office-to-residential conversions and certain construction on previously disturbed transportation land. The pre-award exemption would not apply to parcel parts that a publ… - RRIF projects must coordinate with MPOs: mixed, low. If enacted, the bill would require RRIF applicants for transportation-oriented projects to notify and coordinate with the local metropolitan planning organization. Applicants must share project details, transportation impacts, and mitigation and show either a link to the local TIP/STIP or compatibi… ## Related bills - 119-hr-3151: SHIPS for America Act of 2025 - 119-hr-6644: 21st Century ROAD to Housing Act - 119-hr-1229: United States-Israel Defense Partnership Act of 2025 - 119-hr-2086: Rights for the TSA Workforce Act - 119-hr-4669: FEMA Act of 2025 - 119-hr-4206: CONNECT for Health Act of 2025 ## Sources - [119-hr-7062 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7062) ## Related - [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151) - [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644) - [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229) - [119-hr-2086: Rights for the TSA Workforce Act](https://policyrisk.com/legislation/119-hr-2086) - [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669) - [119-hr-4206: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-hr-4206) - [All bills in Congress](https://policyrisk.com/legislation) Source: PRIA, https://policyrisk.com/legislation/119-hr-7062 (as of 2026-08-21).