Thank you to everyone who joined LOCUS: Responsible Real Estate Developers and Investors yesterday for an online presentation about using the recently modified federal loan program, Transportation Innovative Financing Infrastructure Act (TIFIA) to finance TOD projects.
Presenters:
- Duane Callender, Director of the TIFIA Office at the USDOT
- Kevin DeGood, Deputy Director of Policy, Transportation for America
- Christopher Coes, Managing Director, LOCUS: Responsible Real Estate Developers and Investors (Moderator)
MAP-21 significantly expanded the TIFIA program and made several changes that made it easier for transit projects to win federal financing. Developers across the country, including many members of LOCUS, are eager to invest in public infrastructure around transit stations – but they need some help. Low cost federal loans like similar to TIFIA would provide financing for public infrastructure near transit and rail hubs as well as a much-needed gap-financing tool for developers interested in building TOD.
The presentation can be viewed here.