Bus

Report: Equitable TOD creates better communities

Posted on April 11, 2013

A new report finds that more intentional collaboration and smarter investments are necessary to extend the benefits of transit oriented development (TOD), such as healthy, walkable communities to households of every income level.

The report, “Filling the Financing Gap for Equitable Transit-Oriented Development,” identifies the systemic challenges of developing and financing equitable TOD projects — those that prioritize social equity and incorporate community services — and offers concrete national and regional capital and policy ideas to grow the sector.

Two national nonprofit leaders in equitable TOD financing, Enterprise Community Partners Inc. (Enterprise) and the Low Income Investment Fund (LIIF), authored the paper, which was commissioned by the philanthropic collaborative Living Cities. Equitable TOD promotes development along public transit lines that includes elements that benefit lower income residents, such as affordable housing, health clinics, living wage jobs, fresh food markets, schools and childcare centers.

"Equitable transit-oriented development has the potential to improve the lives and prospects of low-income communities," said Robin Hacke, director of capital formation at Living Cities. "Our goal with this report is to help the field make these projects easier to finance and build. By dispelling the notion that successful TOD requires rocket science, we hope to see more cities implement these strategies successfully."

While shown to have significant potential economic, environment and health benefits for communities and residents, equitable TOD projects are generally complex, large-scale and require coordination among multiple parties. The paper looks at the lessons learned from four regions that have tackled equitable TOD projects: Atlanta, Denver, the Twin Cities and the San Francisco Bay Area.

Through research that included interviews with national and regional TOD experts, “Filling the Financing Gap for Equitable Transit-Oriented Development” uncovers challenges but also many promising solutions to advance equitable TOD, such as providing robust technical assistance and knowledge-sharing platforms; expanding the collaborative effort to make federal, state and local policy changes to encourage equitable TOD; and creating more equitable TOD demonstration programs across the country.


RELATED ARTICLE: Check out, "Greater Opportunities for TOD."

View comments or post a comment on this story. (0 Comments)

More News

MCI to manufacture 184 Commuter Coaches for NJ TRANSIT

Through a competitive procurement process, the agency executed a contract with MCI in November 2015 to manufacture and deliver up to 1,219 commuter coaches.

Submit your Innovative Solution now!

Have you recently partnered with a solutions provider within the last year to implement a new innovation at your operation that has helped you save money, run more efficiently, streamline operations, improved customer satisfaction or increased ridership? Tell us what you did and how it has positively impacted your business.

First Transit awarded Philadelphia American Airlines shuttle ops contract

The company will transport passengers on the ramp side of the airport between all terminals serving the airline. The contract also includes preventative maintenance.

REV Bus Group partners with Schetky NW Bus Sales for spring events

Will present Champion Bus unit at Schetky booth at the Argentum Senior Living Executive Conference and Tradeshow (formerly ALFA) in Denver May 9 to 12.

XL Hybrids introduces cloud-based fleet analytics system

XL Link is currently measuring key performance indicators in vehicles equipped with XL3® Hybrid Electric Drive Systems for major fleets, such as the City of Boston, Yale University, AmeriPride Services and Montgomery County, Md., to name a few.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close