Build More Housing Near Transit Act of 2023

This bill amends federal transit grant rules to encourage housing near transit by adding incentives for projects that support "pro-housing policies." It defines such policies as local actions removing regulatory barriers to housing construction, including reducing parking minimums, creating faster approval processes for multi-family housing, and eliminating height restrictions. Transit project applicants can earn an extra point in their grant rating if they submit evidence of these policies in areas near transit, with the Department of Transportation consulting the Housing Secretary to assess how the policies will increase housing supply. The bill directly affects state and local governments implementing these policies and transit project applicants seeking federal capital investment grants.