LOCUS Applauds Inclusion of TOD Financing in Draft Senate Transportation Bill
Yesterday, Senate EPW Chairman Barbara Boxer (CA) and Ranking Member David Vitter (LA) released a draft bipartisan six-year, transportation reauthorization.
For the first time, the bill includes a transit-oriented development (TOD) financing provision that LOCUS has strongly supported. As proposed, the TOD financing provisions provide local communities the tools needed to leverage greater private sector investment and economic development around public transportation through the highly successful TIFIA program.