Plain English Breakdown
The bill summary and digest do not specify the exact criteria for determining how much money should be paid per vehicle mile traveled.
California Environmental Quality Act: Transportation Impact Mitigation
This bill allows projects that need to reduce their impact on transportation under CEQA to pay money into a fund instead, which will help build more housing near transit stations.
What This Bill Does
- Allows projects to contribute an unspecified amount of money for each vehicle mile traveled to the Transit-Oriented Development Implementation Fund if they are required to mitigate transportation impacts under CEQA.
- Requires the Office of Land Use and Climate Innovation to update the price per vehicle mile traveled based on specified factors, at least once every three years starting July 1, 2029.
- Makes contributions available for funding developments located in the same region as defined by the Legislature's appropriation, with preference given to certain projects.
Who It Names or Affects
- Developers who need to reduce their transportation impact under CEQA
- The Department of Housing and Community Development
- People living in areas near transit stations where new housing developments are built
Terms To Know
- Environmental Impact Report (EIR)
- A report that explains how a project might affect the environment.
- Transit-Oriented Development Implementation Program
- A program to help build more housing near transit stations.
Limits and Unknowns
- The exact amount of money developers need to pay is not set yet.
- It's unclear how much the fund will grow and what specific projects it can support until the Legislature appropriates funds.