Requires a reduction in greenhouse gas emissions through modification of environmental goals under the growth management act.

Changes the housing and transportation elements of the act to reduce the impact of transportation on the environment.

Revises regional transportation planning requirements.

Encourages development along transit lines and at major transit stations at levels that support transit-oriented communities.

Directs each county legislative authority to establish and maintain a transit-oriented development facilitation fund for the purpose of funding qualifying development projects.