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

AVTA to become nation's first 100% electric bus fleet

BYD Motors will build and deliver a variety of all-electric bus models including a 40-foot low-floor transit bus, a 60-foot low-floor articulated bus, and a 45-foot commuter coach.

Bridj, KCATA, Ford partner for urban mobility pilot project

The transformative program is the first U.S. public-private partnership that brings together a major U.S. transit agency, an automaker and an urban technology company with the aim of enhancing Kansas City’s existing mass transit system by providing greater access and mobility to residents.

L.A. Metro opens new 'green' bus facility

Division 13 will serve as a bus maintenance, operations and service facility with a multi-level parking garage that accommodates 200 CNG buses, fueling equipment, transportation offices and support areas.

Starcraft Bus named Ford's top volume pool account for 10th year

The company has purchased and sold more Ford E-Series chassis than any other bus manufacturer in North America since 2006.

Cummins announces new 'SmartEfficiency' initiative

The product improvement plan focuses on improved fuel efficiency, lower total cost of ownership and improved uptime.

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