The U.S. Department of Transportation's Federal Transit Administration (FTA) today announced the availability of nearly $10.5 million in competitive grant funds for agencies to plan transit-adjacent development. FTA's Pilot Program for Transit-Oriented Development (TOD) Planning supports local planning and investment near transit hubs to promote sustainable, livable, and equitable communities, with a focus on projects that plan for affordable housing.
With funding from the Bipartisan Infrastructure Law, TOD links public transportation, land use, and housing to create communities that are walkable and connected to transit. TOD planning can reduce transportation costs for American families and reduce their carbon footprint by improving transit access to jobs and services.
Since FY 2015, FTA’s TOD program has provided nearly $122 million to help almost 150 communities plan for new opportunities around transit. Past award recipients have invested funds into creative and innovative projects, such as Raleigh, North Carolina's work to transform the area around the Raleigh Union Station bus terminal to include a range of housing opportunities and create more sustainable, equitable neighborhoods.
In FY 2023, FTA gave priority consideration for projects that included affordable housing options, including providing 100% of the funds needed to fund the project, rather than requiring a 20% local funding match.
Have more mobility news that we should be reading and sharing? Let us know! Reach out to Sage Kashner (kashner@ctaa.org).
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