The Staten Island Ferry’s South Terminal was made possible with the help of TIFIA funds. Photo via Flickr.
Next week we’re hosting a free webinar all about federal programs to help finance TOD. If you haven’t already, register to join us for the conversation.
One of the most popular programs that we will discuss is the Transportation Innovative Financing Infrastructure Act, or TIFIA. TIFIA was created to provide credit assistance in the form of direct loans, loan guarantees, and standby lines of credit rather than grants to transportation projects of national or regional significance. A great overview of the TIFIA program is available from the Build America Bureau.
TIFIA has long been used for building transit. Since the passage of the FAST Act in 2015, however, TIFIA funds can now be used for certain transit-oriented development projects, too. Eligible project elements include property acquisition, utilities, open space, site preparation, pedestrian and cycle facilities, and the demolition of existing structures among others.
To learn more about this and other TOD financing tools, join us and LOCUS, a program of Smart Growth America, for “A crash course on federal TOD financing programs” next Thursday at 1:00 PM EDT/ 10:00 AM PDT. Sign up and learn more about TIFIA, TIGER, RRIF and more!
Do you have questions about this that you’d like answered during the event? Send them to us any time at [email protected].
This webinar will provide an overview of material that is covered in more depth in the 2017 edition of the LOCUS Federal Financing Toolkit. The full toolkit is available to LOCUS members. If you are interested in getting a copy, contact the LOCUS team.
Recent TOD news
Here’s what has been happening this week with TOD projects across the country.
- Putting Urban Housing into a Transforming Industrial Area – Urban Land Institute
- Facebook to build housing in Silicon Valley for first time — Reuters
- How taxing Atlanta’s absurd amount of parking spaces could make the city better – Curbed Atlanta
- L.A. requires air filters to protect residents near freeways. Are they doing the job? – Los Angeles Times
- Mercy Housing opens 108 units near Othello Station in Seattle – Daily Journal of Commerce