FTA: $10.5 Million for TOD Funding

FTA has announced nearly $10.5 million in grants to support the development and preservation of affordable housing near public transit in communities across the U.S. Funding is awarded to 11 communities in 10 states through the  Pilot Program for Transit-Oriented Development (TOD) Planning, which is funded by President Biden’s Bipartisan Infrastructure Law (BIL).

“With many Americans spending so much of their income on transportation and housing, the Biden-Harris Administration remains focused on bringing these costs down,” said Secretary of Transportation Pete Buttigieg. “With the funding we’re announcing today, we’re helping communities develop walkable, livable neighborhoods—with affordable housing options closer to public transportation—that will help lower these combined costs for more Americans.”

“Having a home of your own, that you can afford, means stability and faith in a better future,” said FTA Deputy Administrator Veronica Vanterpool. “Today, we are delivering funding that will help invigorate local and regional economies and create new opportunities for people who live and work in these cities, towns, and suburbs.”

Planning projects were selected for funding based on criteria described in the Notice of Funding Opportunity. FTA received 32 eligible project proposals totaling nearly $30 million in requests.

The BIL provides $68.9 million in funding for the Pilot Program for TOD Planning through 2026, a 38 percent increase over the prior five years of funding. Since 2015, FTA has provided approximately $133 million in federal support to fund TOD planning activities in 36 states.