The bill introduces a Transit-oriented Development Pilot Program to be effective from January 1, 2024, with the goal of increasing residential housing near public transportation, reducing traffic congestion, and supporting climate action goals. Municipalities can apply for development funds if they have suitable land within a certain distance from a regional mobility hub or frequent transit stop as defined by the Rhode Island transit master plan. The Department of Housing is tasked with establishing the program's rules and regulations, including qualification criteria, application processes, and penalties for non-compliance.

The bill also amends the duties of the Executive Office of Commerce to include the establishment of a deputy secretary of commerce and housing, who will transition into the role of secretary of housing. This secretary will oversee housing initiatives, develop a housing plan, coordinate with related agencies, and produce an annual integrated housing report for the governor and legislature. The report must contain various housing metrics. The bill mandates the creation of a housing organizational plan by November 1, 2022, to review housing functions of state departments and agencies. Additionally, it establishes a new Department of Housing within the executive branch, effective January 1, 2023, led by the Secretary of Housing, who is appointed by the governor. The bill includes insertions regarding the establishment of the Department of Housing, the creation of the Secretary of Housing position, and the appointment and oath-taking procedures for the Secretary. A deletion is mentioned, but the specific content of the deletion is not detailed in the provided text.

Statutes affected:
6084  SUB B: 42-64.19-3, 42-64.34-1
6084  SUB A as amended: 42-64.19-3
6084  SUB A: 42-64.19-3