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FTA today announced $17.6 million going to 20 communities in 16 states to support equitable transit-oriented development. The funding from President Biden’s Bipartisan Infrastructure Law will help boost local economies, fight climate change, and provide more transportation options through development near new or expanded transit project corridors.
These grants, funded by FTA’s Pilot Program for Transit-Oriented Development (TOD) Planning, support local strategies to increase transit access and encourage ridership through mixed-use and mixed-income development near public transportation projects.
The program helps communities plan for opportunities created by new transit stations, such as affordable housing, economic development, and better connections to schools, hospitals, stores, and restaurants. For the first time, each of the selected projects has an affordable housing component and will require no local matching funds.
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