Government Funding for Transit-Oriented Development
Apr/May 09
design, engineering, and environmental analyses, estimates and funding negotiations;
land acquisition, relocation, demolition, and site preparation, including brownfield reclamation;
foundations and substructure improvements for buildings over transit;
open space, pedestrian connections, and access links between transit services and related new or existing development;
facilities and infrastructure investments attracting private investment;
safety and security equipment and facilities;
facilities incorporating community services, including day care or healthcare; and
parking that supports public transit.
The Department of Transportation and the Federal Transit Administration are the main sources of federal transportation-related funds directed to the states.
The Departments of Housing and Urban Development and the Economic Development Agency have funding programs that can be applied to TOD.
The American Recovery and Reinvestment Act focuses on existing programs and provides additional funding for programs that support TOD projects. For infrastructure, the plan announced $27 billion in funds apportioned to and administered by the states.
As of March 3rd, the states had 120 days to assign the funds to specific projects. To see a state-by-state funding allocation, visit https://www.recovery.gov/?q=content/rebuilding-infrastructure.
Project Announcements
Japan-Based YKK AP America Plans Macon, Georgia, Manufacturing Center
08/19/2022
CF Industries Holdings-Mitsui Plan Ascension Parish, Louisiana, Carbon Capture Ammonia Plant
08/19/2022
Sub-Zero Group Establishes Cedar Rapids, Iowa, Light Manufacturing Plant
08/19/2022
WuXi STA Establishes Middletown, Delaware, Pharmaceutical Manufacturing Campus
08/18/2022
Cargill Upgrades St. Martin Parish, Louisiana, Operations
08/18/2022
Pet Supplies Plus Plans Orangeburg County, South Carolina, Distribution Hub
08/18/2022
Most Read
-
The 2021 Top States for Doing Business Reflect Their Locational Advantages
Q3 2021
-
Area Development’s 17th Annual Shovel Awards Recognize State and Local Economic Development Efforts — First Two Platinum Shovels Awarded
Q2 2022
-
In Focus: “Golden Age” of Spec Development
Q3 2022
-
In Focus: Demand for Industrial Land Surges
Q2 2022
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
Using Robust Project Controls to Enhance Project Management
Q3 2022
-
Explosive Growth of Life Sciences Sector Comes with Challenges
Q3 2022