‘‘(C) oversight procedures; and 
‘‘(D) other provisions necessary for the im-
plementation of this section. 
‘‘(4) INTERAGENCY AGREEMENT.—In carrying 
out this subsection, the Secretary shall enter into an 
interagency agreement with the Secretary of Hous-
ing and Urban Development— 
‘‘(A) to assist the Secretary in leveraging 
lenders and lender approval processes used in 
carrying out the Multifamily Accelerated Proc-
essing system established by the Department of 
Housing and Urban Development, including by 
helping to develop an expedited path to ap-
proval as an originator-servicer under this sec-
tion for lenders operating under that section; 
and 
‘‘(B) to provide guidance and assistance to 
the Secretary on ways, through the use of this 
subsection— 
‘‘(i) to reduce the overall processing 
time and administrative burden required to 
deliver assistance under this section; and 
‘‘(ii) to preserve the ability of the Sec-
retary to maintain thorough oversight of 
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originating, underwriting, and servicing ac-
tivities provided under this section.’’. 
(2) MODIFICATION
TO
DEFINITIONS.—Section 
22401 of title 49, United States Code, is amended— 
(A) 
by 
redesignating 
paragraphs 
(5) 
through (15) as paragraphs (6) through (16), 
respectively; and 
(B) by inserting after paragraph (4) the 
following: 
‘‘(5) ATTAINABLE
HOUSING
PROJECT.—The 
term ‘attainable housing project’ means a transpor-
tation-oriented development project— 
‘‘(A) that serves households with an in-
come of not more than 120 percent of the area 
median income; and 
‘‘(B) in which the majority of the housing 
units in the project are affordable to households 
with an income that is not more than 80 per-
cent of the area median income.’’. 
(c) ADMINISTRATION OF DIRECT LOANS AND GUAR-
ANTEES.—Section 22403 of title 49, United States Code, 
is amended by striking subsection (m) and adding at the 
end the following: 
‘‘(m) FEES AND CHARGES.— 
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‘‘(1) IN GENERAL.—Except as provided in this 
chapter, the Secretary may not assess any fees, in-
cluding user fees, or charges in connection with a di-
rect loan or loan guarantee provided under section 
22402. 
‘‘(2) DISCLOSURE.—The Secretary shall develop 
and make publicly available a straightforward, scal-
able, and reasonable fee structure with respect to 
any fees that may apply under this section. 
‘‘(n) GUIDANCE ON ELIGIBILITY REQUIREMENTS.— 
The Secretary, and any approved originator-servicer under 
section 22402(o), shall develop and make publicly avail-
able guidance on requirements for a transportation-ori-
ented development project to be eligible for assistance 
under section 22402, including guidance relating to the 
following: 
‘‘(1) The minimum debt service coverage ratio 
by project type. 
‘‘(2) The minimum loan-to-cost and loan-to- 
value thresholds for a project. 
‘‘(3) Distribution covenants. 
‘‘(o) COMPATIBILITY WITH LOCAL PLANS AND CO-
ORDINATION WITH METROPOLITAN PLANNING ORGANI-
ZATIONS.—To be eligible for assistance under section 
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22402, an applicant for a transportation-oriented develop-
ment project shall— 
‘‘(1) coordinate with the relevant metropolitan 
planning organization, including by— 
‘‘(A) providing timely notification to the 
metropolitan planning organization during the 
planning or entitlement process; and 
‘‘(B) sharing information on project de-
tails, transportation impacts, and mitigation 
measures; and 
‘‘(2)(A) provide evidence of a significant nexus 
with a project on the applicable transportation im-
provement program developed by a metropolitan 
planning organization under section 134(j) of title 
23 or section 5303(j) of this title, and the applicable 
statewide transportation improvement program de-
veloped by a State under section 135(g) of title 23 
or section 5304(g) of this title; or 
‘‘(B) demonstrate compatibility with the long- 
range transportation plan developed by the applica-
ble metropolitan planning organization under section 
134(i) of title 23 or section 5303(i) of this title. 
‘‘(p) APPLICATION
OF
THE NATIONAL ENVIRON-
MENTAL POLICY ACT OF 1969.— 
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‘‘(1) IN
GENERAL.—The National Environ-
mental Policy Act of 1969 (42 U.S.C. 4321 et seq.) 
shall not apply to land acquisition activities with re-
spect to a transportation-oriented development 
project, except for components of the project located 
within the geographic boundaries of the parcel of 
land acquired that will be owned, in full or in part, 
by a public entity for the majority of the loan term. 
‘‘(2) CATEGORICAL EXCLUSIONS.— 
‘‘(A) IN GENERAL.—A transportation-ori-
ented development project that involves an ac-
tivity described in subparagraph (B) shall be 
categorically excluded from the requirements of 
the National Environmental Policy Act of 1969 
(42 U.S.C. 4321 et seq.). 
‘‘(B) ACTIVITIES DESCRIBED.—An activity 
described in this subparagraph is any of the fol-
lowing: 
‘‘(i) Rehabilitation or conversion of an 
existing office building to residential or 
mixed use within substantially the same 
footprint. 
‘‘(ii) Reconstruction or construction of 
a new commercial building primarily using 
land disturbed for transportation use as 
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