Bill > HB894

This bill, the Maryland Transit and Housing Opportunity Act, aims to encourage development around transit stations by automatically designating certain transit-oriented developments (TODs) as enterprise zones, which are areas eligible for tax incentives. It also directs the Maryland Development Corporation to prioritize redevelopment projects near rail transit stations when awarding loans through its Strategic Infrastructure Revolving Loan Program, a fund designed to support real estate and infrastructure projects that enhance community development and economic growth. Furthermore, the bill modifies local land use regulations by prohibiting minimum off-street parking requirements for residential or mixed-use developments within a quarter-mile of a frequently serviced rail transit station and allowing mixed-use development within a half-mile of such stations, while also limiting local government's ability to restrict land use on state-owned land near transit stations if it's part of an approved TOD plan. Finally, for qualifying residential real estate projects, which are mixed-use developments near transit stations, the bill delays the collection of development excise taxes (taxes on construction or improvement) and development impact fees (fees to fund public works needed for new development) until after construction is complete and a certificate of occupancy is issued.

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https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0894?ys=2026RS