Reconnecting America issues a guide to state, regional, and local programs that provide money for development connected to transit.
There are a lot of reasons why transit-oriented development (TOD) is harder to produce than a conventional real estate project, writes Philip Langdon:
"Many of these barriers relate to the need for increased public and private funding for planning, land acquisition, infrastructure, construction and maintenance of transit-oriented development projects," Reconnecting America says in its recently released 2010 Inventory of TOD Programs.
What's encouraging, says Sarah Kline, policy director for the Washington-based organization, is that numerous state, regional, and local programs have been created to make money available for TOD plans and projects. The 25-page report summarizes 42 "ongoing, institutionalized programs that provide direct funding or financial incentives."
In addition to 18 programs that operate at the state level, Reconnecting America found that across the country there are 15 regional or transit agency programs benefiting TOD and another nine programs conducted at the local level."
Thanks to Robert Steuteville
Read the full story: 42 ways to fund transit-oriented development
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