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Recognizing the important connection between accessible transportation and affordable housing, FTA is encouraging TOD in areas where communities are trying to preserve, protect, and increase the supply of affordable housing. This NOFO provides applicants with an opportunity to receive full federal support for projects that focus on affordable housing as one type of substantial deliverable that may result from an applicant’s comprehensive or site-specific planning work. These affordable housing policies may focus on, among other things, reducing regulatory barriers, updating parking standards, and providing strategies to address homelessness. Specifically:
- “Proposals that address three or more activities related to the development of affordable housing (see section C.3.ii.v of the NOFO) will receive a federal funding share of 100 percent.”
Interested entities may join FTA staff at a webinar on Thursday, August 17 to discuss the NOFO and how to apply. Staff will discuss requirements for funding, eligibility and the submission process as well as the affordable housing opportunity.
Applications are due October 10, 2023.
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