Allows certain counties to stimulate housing opportunities and redevelopment of areas in urban growth areas to promote transit supportive densities and more efficient land use.

Includes the following in the criteria that must be met before being designated a residential targeted area: An area in a county seeking to promote transit supportive densities and efficient land use that is: (1) Located no further than one and one-half miles from the boundary of a city with a population of at least two hundred thousand; and

(2) Within three quarters of a mile of a corridor where certain bus service is in service or is planned for service to begin within five years of designation.