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11/4/2024
The Federal Transit Administration (FTA) will provide nearly $10.5 million in grants to support the development and preservation of affordable housing near public transit in communities across the country.
Funding is being awarded to 11 communities in 10 states through the Pilot Program for Transit-Oriented Development (TOD) Planning, which is funded by the Infrastructure Investment and Jobs Act, FTA officials said in a press release.
TOD reduces reliance on personal vehicles, reduces greenhouse gas emissions and air pollution, boosts economic development, promotes transit ridership, increases access for people with disabilities who are transit dependent, and accelerates the housing supply in communities with affordable housing plans or policies, FTA officials said.
A full list of the selected projects is available here. Some of the selected fiscal-year 2024 projects include:
• The Maryland Transit Administration and the University of Maryland will receive $1.6 million to create a plan focused on retaining homes and small businesses along the Maryland Purple Line light-rail system, addressing displacement caused by the new light-rail line; and
• The Santa Clara Valley Transportation Authority (VTA) in California, will receive $900,000 to plan for TOD near a downtown rail and bus station.