The Federal Transit Administration has made available $25.8 million in competitive grant funds to support TOD (Transit-Oriented Development) projects.
The funds are provided through FTA’s Pilot Program for Transit-Oriented Development (TOD) Planning. A Notice of Funding Opportunity (NOFO) is in the Federal Register.
The Pilot Program for TOD Planning “provides funding to integrate land use and transportation planning efforts along eligible transit projects,” FTA said. “The grants will fund comprehensive planning to support transit ridership, multimodal connectivity, and mixed-use development near transit stations. The program supports identification of infrastructure needs, engagement with the private sector and development of financial tools to encourage TOD implementation such as value capture.”
Eligible applicants include FTA grantees that are either a project sponsor of an eligible transit project or an entity with land use planning authority in an eligible transit capital project corridor. “To ensure that planning work reflects the needs of the local community, transit project sponsors and entities with land use planning authority must partner to conduct the planning work,” FTA noted. The application period will close on July 23, 2018.
FTA’s TOD Pilot Program was established under the Moving Ahead for Progress in the 21st Century Act (MAP-21) and amended by the Fixing America’s Surface Transportation (FAST) Act. The program is authorized through fiscal year 2020.