The FTA has announced new funding (albeit, a small amount) through the "Transit-Oriented Development Planning Pilot Program."
"The Federal Transit Administration announced late last week that they’re now accepting applications from transit agencies until November 3, for a total of almost $20 million in available funding (for the two years since MAP-21 passed)," reports Stephen Lee Davis for Transportation for America.
Davis shares this description of the grant program from the notice provided by the FTA: "the grants will fund comprehensive planning that supports economic development, ridership, multimodal connectivity and accessibility, increased transit access for pedestrian and bicycle traffic, and mixed-use development near transit stations."
Moreover, "FTA will focus on funding the kind of planning that would not occur without federal support. Grants will fund planning around an entire transit corridor, not just individual station areas, particularly corridors where there are significant challenges to transit-oriented planning, low levels of existing development, or limited local financial capacity."
Read the full story: New grant program to support smart development around transit lines is open for business
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