1. Short title This Act may be cited as the Promoting Equitable Transit-Oriented Development and Mobility Corridors Act . 2. Definitions (a) In general In this Act, the following definitions apply: (1) Equitable transit-oriented development The term equitable transit-oriented development means— (A) the creation and support of communities of opportunity, especially disadvantaged or low-income communities where residents of all incomes, ages, races, and ethnicities participate in, and benefit from, living in connected, healthy, vibrant places connected by public transportation; and (B) including, in communities of opportunity, a mixture of housing (including a significant level of affordable housing), office, retail, and other amenities as part of a walkable neighborhood generally located within a half mile of quality public transportation. (2) e TOD and Mobility Plan The term eTOD and Mobility Plan means a plan for equitable transit-oriented development and mobility corridors developed under section 4. (3) Mobility corridor The term mobility corridor means a major economic corridor that integrates safety, mobility, and access for freight, active transportation, and public transportation along the corridor while promoting quality of life, economic development, and greenhouse gas reduction, including, at a minimum— (A) at least 125 acres with centrality to employment and amenities; (B) meets a location affordability as defined by a household spending no more than 45 percent or more of their income on housing and transportation as determined by the Location Affordability Index published by the Department of Transportation and the Department of Urban Development; (C) mixed commercial use or community-based facility and residential use