(

a) This

chapter applies only to a transit priority project that is consistent with the general use designation, density, building intensity, and applicable policies specified for the project area in either a sustainable communities strategy or an alternative planning strategy, for which the State Air Resources Board, pursuant to subparagraph (

H) of paragraph (2) of subdivision (

b) of

Section of the Government Code, has accepted a metropolitan planning organization’s determination that the sustainable communities strategy or the alternative planning strategy would, if implemented, achieve the greenhouse gas emission reduction targets. (

b) For purposes of this chapter, a transit priority project shall (1) contain at least percent residential use, based on total building square footage and, if the project contains between percent and percent nonresidential uses, a floor area ratio of not less than 0.75; (2) provide a minimum net density of at least dwelling units per acre; and (3) be within one-half mile of a major transit stop or high-quality transit corridor included in a regional transportation plan. A major transit stop is as defined in

Section 21064.3, except that, for purposes of this section, it also includes major transit stops that are included in the applicable regional transportation plan. For purposes of this section, a high-quality transit corridor means a corridor with fixed route bus service with service intervals no longer than minutes during peak commute hours.

A project shall be considered to be within one-half mile of a major transit stop or high-quality transit corridor if all parcels within the project have no more than percent of their area farther than one-half mile from the stop or corridor and if not more than percent of the residential units or units, whichever is less, in the project are farther than one-half mile from the stop or corridor.