TIFIA’s first transit-oriented development loan approval

Transit-oriented development (TOD) is an important priority of LOCUS to advance sustainable, equitable, walkable development in America’s metropolitan areas. To meet that goal, LOCUS has long advocated for TIFIA, an important tool to advance TOD, helping to secure a win through the passage of the FAST Act in 2015. Recently, the first loan was approved … Continued

Land Use and Development LOCUS

FAST Act contains new ways to finance transit-oriented development

Developers have two new ways to finance transit-oriented development, like the buildings in this rendering for Triangle Transit in North Carolina. Image via Our Transit Future. On December 4, President Obama signed into law the Fixing America’s Surface Transportation (FAST) Act, a five-year $305 billion transportation authorization. Included among the bill’s many provisions (good and … Continued

LOCUS

Complete Streets, TOD, and TIGER all included in Senate Commerce Committee’s transportation bill

Yesterday the Senate Committee on Commerce, Science, and Transportation approved its six-year transportation bill, the Comprehensive Transportation and Consumer Protection Act of 2015 (S. 1732).

The bill includes dozens of transportation provisions, but we were watching three in particular: the Railroad Reform, Enhancement, and Efficiency Act (S. 1626) and the Safe Streets amendment, both of which we hoped to see included, and a proposal to narrow the scope of the U.S. Department of Transportation’s TIGER grants, which we hoped would be cut.

Complete Streets LOCUS

Senate committee votes "yes" on financing for transit-oriented development

wicker-booker-rrif

Today, the Senate Committee on Commerce, Science, and Transportation unanimously approved the Railroad Reform, Enhancement, and Efficiency Act (S. 1626). The bill expands the capabilities of the Railroad Rehabilitation and Improvement Financing (RRIF), a $30 billion loan program to provide needed financing for transit-oriented development infrastructure and development projects near passenger rail stations.

LOCUS