; (2) $203,700,000 for fiscal year 2027; (3) $233,100,000 for fiscal year 2028; and (4) $262,500,000 for fiscal year 2029. 8. Credit facility to support transit-oriented development (a) Definitions In this section, the following definitions shall apply: (1) Eligible applicant The term eligible applicant means a State or local governmental authority. (2) Eligible area The term eligible area means the area within 1/2 mile of an existing or planned major public transportation facility. (3) Eligible borrower The term eligible borrower means— (A) a governmental entity, authority, agency, or instrumentality; (B) a corporation, partnership, joint venture, or trust on behalf of which an eligible applicant has submitted an application under subsection (c); or (C) any other legal entity undertaking an infrastructure development project on behalf of which an eligible applicant has submitted an application under subsection (c). (4) Major public transportation facility The term major public transportation facility means— (A) a fixed-guideway public transportation station; (B) a high speed rail or intercity rail station connecting to public transportation; (C) an intermodal facility connecting multiple public transportation lines; or (D) a public transportation center located in an area other than an urbanized area. (5) Planned major public transportation facility The term planned major public transportation facility means a major public transportation facility for which— (A) appropriate environmental reviews have been initiated or have been completed; and (B) funding for construction can be reasonably anticipated. (6) Project The term project means an infrastructure project that is used to support a transit-oriented development in an eligible area, including— (A) property enhancement, including conducting environmental remediation, park development, and open space acquisition