# 119-s-5553: Transit-Oriented Housing Development Act of 2026

119-s-5553, Transit-Oriented Housing Development Act of 2026, is a 119th Congress bill sponsored by Sen. Booker, Cory A. [D-NJ] (D-NJ); status introduced; PRIA reads it as touching household money (as of 2026-10-16).

- Canonical: https://policyrisk.com/legislation/119-s-5553
- As of: 2026-10-16
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-5553
- Congress: 119
- Title: Transit-Oriented Housing Development Act of 2026
- Status: introduced
- Introduced: 2026-09-24
- Sponsor: Sen. Booker, Cory A. [D-NJ] (D-NJ)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-10-16

## Summary

**Boosts funding and tax incentives for building affordable rental housing next to transit.** The bill would push more public money and tax-preferred financing toward transit-oriented developments that meet strict income, rent, and wage rules.

## Provisions PRIA read

- Big Housing Trust Fund boost for transit: benefit, high. This bill would appropriate $30 billion to the National Housing Trust Fund for each fiscal year 2026 through 2035. States would have to give priority to projects located within transit hubs when they distribute amounts allocated under this funding. The bill would also waive a usual deadline that ot…
- Bigger housing tax credit for developers: benefit, high. This bill would raise the tax credit basis used for some low-income rental buildings near transit. For qualifying projects, the eligible basis or qualifying rehab costs would be treated as 150% of the normal basis. If the project pays the local prevailing wage to construction workers, that multipli…
- More bonds for housing near transit: benefit, medium. This bill would raise each State’s private activity bond limit by 30% for calendar years beginning after 2025. Any added bond capacity would be usable only for "qualified housing issues" that put at least 95% of net proceeds into rental projects in transit hubs. Each project would have to house onl…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-5022: Cannabis Administration and Opportunity Act
- 119-s-5283: Momnibus Act
- 119-s-1507: Agriculture Resilience Act of 2025
- 119-s-4504: Full-Service Community School Expansion Act of 2026
- 119-s-3990: PrEP Access and Coverage Act of 2026

## Sources
- [119-s-5553 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/5553)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-5022: Cannabis Administration and Opportunity Act](https://policyrisk.com/legislation/119-s-5022)
- [119-s-5283: Momnibus Act](https://policyrisk.com/legislation/119-s-5283)
- [119-s-1507: Agriculture Resilience Act of 2025](https://policyrisk.com/legislation/119-s-1507)
- [119-s-4504: Full-Service Community School Expansion Act of 2026](https://policyrisk.com/legislation/119-s-4504)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-5553 (as of 2026-10-16).