Press Releases

WASHINGTON D.C. – Rep. Earl L. “Buddy” Carter (R-GA) and Rep. Greg Stanton (D-AZ) introduced the Catalyzing Housing and American Ready Growth and Expansion (CHARGE) Investments Act, a bill that will encourage economic growth and development throughout the country by modernizing the eligibility for Transit Oriented Development (TOD) projects. The CHARGE Investments Act will create jobs, add housing, revitalize underused urban areas, and drive long-term economic growth without expanding the federal deficit. 

Currently, federal law restricts TOD loans to projects within a half mile radius of intercity rail stations. This traditional standard largely benefits older Northeast cities, whereas most U.S. cities intentionally built their historic freight rail hubs modestly further from their downtowns. The CHARGE Investments Act ensures fair access to fiscally responsible federal loan financing administered by the Build America Bureau by expanding the TOD eligibility radius for those U.S. cities whose central business district is more than half a mile from its intercity rail or light rail. Projects inside the closest central business district within a two-mile radius of intercity rail stations, or for cities lacking intercity rail, projects within a ¼ mile radius from a light rail station, shall now be eligible.  

“By modernizing the Railroad Rehabilitation and Improvement Financing program, the CHARGE Investments Act marks a critical step towards unlocking economic development for rural towns and growing cities alike. This bill will stimulate economic activity in not only Georgia but nationwide, ensuring some regions are not given preference over others,” said Rep. Carter. 

"Light Rail has absolutely transformed the Valley, driving billions in private and public investment along the lines. As the cost of living rises and Arizona grows, we need more tools to develop new affordable housing units and businesses near our city centers and along the transit lines,” said Rep. Stanton. “Our CHARGE Investments Act modernizes federal financing options for transit-oriented retail and housing developments—a win-win for Arizona businesses and families.”

The CHARGE Investments Act preserves the fiscally responsible foundation of the program by maintaining loan-based financing and requiring at least 25% private or non-federal investment while expanding access to cities unintentionally left out due to outdated limitations. These investments often generate 4–5x returns for the Treasury, driven by growth in construction, housing, hospitality, and retail.

“The CHARGE Investments Act is the kind of forward-looking reform the hotel industry needs to spur new development opportunities, create jobs, and drive economic growth. The proposed legislation would expand loan-based financing for transit-connected projects, providing hoteliers with a critical pathway to develop projects that meet local demand. We thank Congressman Carter for his leadership on this important issue and look forward to working with him to move this legislation swiftly through Congress,” said Rosanna Maietta, President & CEO of the American Hotel & Lodging Association.

“AAHOA also applauds the bill's commitment to fiscal responsibility. The CHARGE Investments Act encourages market-driven investment while safeguarding taxpayer dollars by relying on loans instead of grants and requiring a minimum 25% private capital contribution. For our industry, it creates a valuable financing tool that supports smart growth, adaptive reuse, and transit-connected development,” said Kamalesh (KP) Patel, Chairman of the Asian American Hotel Owners of America (AAHOA).

“By facilitating redevelopment near transit corridors and enabling hotel investment in high-impact areas, the CHARGE Investments Act offers a smart, modern, and locally responsive model for infrastructure and economic growth. GHLA applauds your leadership in advancing this thoughtful, pro-growth legislation. We are proud to support the CHARGE Investments Act and look forward to partnering with your office to move it forward,” said Chris Hardman, Director of Governmental Affairs for the Georgia Hotel and Lodging Association.

Read full bill text here.

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