; and (B) by adding at the end the following: (13) Local infrastructure bank The term local infrastructure bank means an infrastructure bank of a city, town, borough, county, parish, district, or other public body created by, or pursuant to, State or Federal law. ; (2) in subsection (b) by inserting or local infrastructure banks after State infrastructure banks ; (3) in subsection (d) by inserting or local infrastructure bank after State infrastructure bank each place that it appears; and (4) in subsection (e) by inserting or local infrastructure bank after State infrastructure bank each place that it appears. 11. Fixed guideway capital investment grants Section 5309(a)(5) of title 49, United States Code, is amended— (1) in subparagraph (A) by striking ; or and inserting a semicolon; (2) in subparagraph (B) by striking the period and inserting ; or ; and (3) by adding at the end the following: (C) a new affordable housing trust fund to promote affordable housing. . 12. Definitions (a) Capital project Section 5302(3)(G)(iii) of title 49, United States Code, is amended by inserting or affordable housing after public transportation . (b) Affordable housing Section 5302 of title 49, United States Code, is amended by adding at the end the following: (25) Affordable housing The term affordable housing means— (A) housing for which the household spends less than 30 percent of income on housing costs; or (B) housing for which the household spends 45 percent or more of the income of the household on housing and transportation combined as determined by the Location Affordability Index published by the Department of Transportation and the Department of Housing and Urban Development. .