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

Alexander Dennis lands double-deck bus order

The 13 buses will have capacity for 120 passengers, 79 of them seated, and will enter service from July 2019 to replace and enlarge tl’s double-deck fleet.

Nova Bus lands largest North American bus order

The five-year contract, covering the period from 2020 to 2024, calls for the delivery of 497 40-foot hybrid buses LFS HEV and up to 1,028 vehicles on option.

BusCon 2018 set to return to Indianapolis in October

Registration is open now for this year's show, which will include a look at electric buses and autonomous vehicles, as well as training courses from NTI and EnerDel.

Creative Bus Sales orders 100 GreenPower buses

The order includes the 15 buses for inventory and demonstration that are on order with GreenPower.

First Transit names new VP, west region operations

Fadi Chakbazof will be responsible for all operations in the west region, reporting directly to Beverly Edwards, COO.

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