The Senate Banking Committee has approved legislation, S. 1619, authorizing new competitive grants for local governments and regional planning organizations working together on community planning initiatives that coordinate housing, transit, and energy efficiency. Funding will be $2.7 billion over three years.
The Livable Communities Act of 2009 will make it possible for communities to:
* Develop comprehensive regional plans to incorporate transportation, housing, community and economic development, and environmental needs.
* Enables communities to enact their plans by funding Transit Oriented Development (TOD), public transportation, and pedestrian and bicycle thoroughfares that foster economic development and build livable communities.
Read more here...