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This bill amends federal transportation law to establish a technical assistance and value capture policy program. The Secretary of Transportation may award grants to states and local governments to develop value capture mechanisms—policies that capture economic value created by public transit investments to fund transit expansion, affordable housing, and related development. Grantees must meet performance benchmarks (demonstrating increased transit ridership and reduced emissions), maintain prior funding levels, comply with prevailing wage requirements, and evaluate outcomes within three years. The bill also directs the Secretary to develop voluntary value capture standards and publish best practices by specified deadlines.
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