Financing Transit Oriented Development: Using the TIFIA Program to Finance TOD

The recently passed federal transportation bill, MAP-21, significantly expanded the Transportation Innovative Financing Infrastructure Act (TIFIA) loan program and made several changes that made it easier for transit projects to win federal financing. This webinar features LOCUS staff and a panel of experts, including Duane Callendar, Director at TIFIA Credit program, discussing the benefits of TIFIA financing and how to use it for transit-oriented development projects.

Five things to read and share during #InfrastructureWeek

This morning kicked off this year’s Infrastructure Week, a chance for political leaders and advocates to talk about how to make our nation’s roads, bridges, sidewalks, water, and digital infrastructure better for everyone.

Looking for ways to get involved? Here are five things to read and share this week:

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1. Two big moves for safer, more complete streets

Federal Highway Administration has a lot of influence over our nation’s infrastructure, and last week the agency made two big moves to clear the way for states, metro areas, and local communities to use federal dollars to design safer, more complete streets. Read more >>

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2. Mapping structurally deficient bridges

Do you drive across a bridge each day? There’s a good chance it’s structurally deficient. That’s according to The Fix We’re In For, our report about bridge conditions across the country. Find structurally deficient bridges in your area with our interactive map or get an overview of the national findings with this infographic.

Transit-oriented development assistance will help Honolulu, HI make more housing more affordable

East_Kapolei_NeighborhoodPlans for the East Kapolei Neighborhood. Photo via the City of Honolulu.

When the Federal Transit Administration (FTA) announced last week that Honolulu, HI would be among nine cities to receive new technical assistance for transit-oriented development, Honolulu Planning Director George Atta knew exactly how the assistance could help the city.

“We are hoping that transit oriented development will help us with our severe affordable housing problem,” Atta said.

Newly awarded technical assistance will help nine communities make the most of their transit projects

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Oklahoma City, OK – and its project restoring the historic Santa Fe depot, above — is one of nine communities selected to receive technical assistance from the Federal Transit Administration and Smart Growth America.

Nine communities working to support development around planned or existing transit projects will get a big boost this year thanks to newly awarded technical assistance from the Federal Transit Administration (FTA), in partnership with Smart Growth America.

The National Public Transportation/Transit-Oriented Development Technical Assistance Initiative, which officially launched in December, is a four-year project of FTA in partnership with Smart Growth America to help communities across the country build compact, mixed-use, equitable development around transit stations, with a focus on development in disadvantaged areas.

Recorded webinar: Learn more about the new Ladders of Opportunity technical assistance workshops

Transportation plays a critical role in connecting Americans and communities to economic opportunity. The National Public Transportation/Transit-Oriented Development Technical Assistance Ladders of Opportunity Initiative, a project of the Federal Transit Administration (FTA) in partnership with Smart Growth America, will provide state and local leaders with new ideas, resources, and capacity for building transit-oriented development.

Requests for technical assistance workshops are now open and on December 10, FTA and Smart Growth America hosted an informational webinar to discuss in detail the technical assistance workshops and the application process. A recording of the webinar is now available.

Watch the archived webinar

Click here to view the archived webinar
Click here to download the presentation (PDF)

Speaking on the webinar were Kimberly Gayle, Director of the Office of Policy Review and Development at the Federal Transit Administration; Chris Zimmerman, Vice President of Economic Development at Smart Growth America; and Beth Osborne, Senior Policy Advisor at Smart Growth America.

Community leaders who have received FTA-funded transit projects grants and are considering TOD, or need ideas and assistance with TOD, are invited to request assistance. Requests are due by 5:00 p.m. EST Tuesday, January 19, 2016. Visit TODresources.org to learn more and apply.

Introducing a new transit-oriented development initiative from the Federal Transit Administration and Smart Growth America

fta-tod-launch_12-2015-700

Transportation plays a critical role in connecting Americans and communities to economic opportunity. Today, we’re excited to announce a new project that will help people connect to public transportation easily, efficiently, and affordably.

The Transit-Oriented Development technical assistance initiative, a project of the Federal Transit Administration in partnership with Smart Growth America, will provide state and local leaders with new ideas, resources, and capacity for building transit-oriented development, or “TOD”. Well-done TOD takes advantage of nearby transit to create desirable places to live, work, and visit that feature amenities like entertainment venues, parks, retail, restaurants, an improved pedestrian environment and diverse housing choices.

FTA announces the 21 winners of inaugural Transit-Oriented Development Planning Grants

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Sound Transit’s LINK light rail on the Seattle-SeaTac line. Six stations will eventually be added to Tacoma’s separate LINK line, doubling their number of stations.

Crossposted from Transportation for America.

It’s important that communities make the best use of land around transit lines and stops, efficiently locate jobs and housing near new transit stations, and boost ridership — which can also increase the amount of money gained back at the farebox. Twenty-one communities today received a total of $19.5 million in federal grants from a new pilot program intended to do exactly that.

The Federal Transit Administration (FTA)’s Transit-Oriented Development Planning Pilot Program was one of the bright spots in MAP-21, and a priority we worked hard to see included in the final bill during those negotiations back in the summer of 2012, along with our colleagues at LOCUS, the coalition of responsible real estate investors within Smart Growth America.

Speaking out for smart growth issues leads to a better transportation bill in the Senate

Yesterday, the Senate finally passed its version of a six-year federal transportation bill. As you likely know by now, this bill will have a huge impact on how communities across America grow in the coming years.

We asked you to speak out about a number of issues related to this bill over the last few weeks. And right now, I want to say thank you for stepping up.

Many of the crucial provisions we championed—the Safe Streets Act, TIFIA financing for transit-oriented development, and protection of the TIGER grants program at the U.S. Department of Transportation—were included in the final version of the bill.

Senate transportation bill expands financing for transit-oriented development

Senators Schatz, Markey and Merkley champion provision to support investment in neighborhoods near transit

The Senate passed its final six-year transportation reauthorization bill today, and included in the bill is a provision to expand the eligibility of transit-oriented development (TOD) projects for federal TIFIA financing. The provision would also expand financing for infrastructure projects that promote transit ridership, walkability, or increased private investment.

“If you took a bus or train to work today, you know how convenient it is to live and work near a transit stop,” said Christopher Coes, Director of LOCUS. “Transit-oriented development makes day-to-day life easier for millions of Americans. It’s also the backbone of regional economies across the country. The Senate’s bill will make creating new TOD projects easier, and will give more Americans the option to live and work near transit while also supporting economic growth nationwide.”