housing and transportation cost does not exceed 40 percent of total household spending for such individual. (2) Create a shared vision and implementation plan for priority investment areas for infrastructure, climate mitigation, and development. (3) Increase the value and effectiveness of public transportation by increasing ridership with a focus on people of color and middle to low income individuals. (4) Promote mutually beneficial partnerships between public, private, and community-based nonprofit organizations and disadvantaged business enterprises. (5) Make equitable transit-oriented development an integral component of, and supportive of, public transportation, land use, climate resiliency, and economic development project planning and delivery, especially in supporting the retention of existing residents in developing communities. (6) Reduce and mitigate social and economic impacts on existing residents and businesses vulnerable to displacement caused by economic pressures in stronger markets as well as depopulations caused by disinvestment. (7) Promote an increase in State, local, and private investment in both public transportation and mobility options, specifically through a value capture mechanism. (8) Increase State, local, and private investment in economic development especially in disadvantaged or low-income communities and communities of color. (9) Engage a broad cross-section of the community most affected by future investments in an inclusive, effective, transparent process. (10) Create affordable housing and commercial options as well as community facilities near public transportation with priority given to affordability, and to community-based ownership and entrepreneurship, with a focus on participation of disadvantaged business enterprises. (d) Priority investment area Each eTOD and Mobility Plan shall propose priority investment areas that will serve as the eligible locations for projects described under subsection (d) in the State. A priority investment area shall be— (1) within a half