EFFECT:  Applies the minimum density requirements for residential lots within 0.25 miles walking distance of a major transit stop to any bus rapid transit stop under construction, instead of any future stop on a bus rapid transit route funded for development and projected for construction within an applicable six-year transit plan.

Requires parcels and tracts with critical areas or their buffers, in addition to lots, to be included in the 25 percent of lots exempt from minimum residential density requirements if a city chooses to implement the alternative density requirements.

Exempts parcels and tracts with critical areas or their buffers, in addition to lots, from being considered an inconsistency with countywide planning policies, multicounty planning policies, or growth targets.