The Federal Transit Administration (FTA) recently announced $13.4 million in competitive grants are available through the FY23 Pilot Program for Transit-Oriented Development (TOD) Planning Program.
Recognizing the connection between accessible transportation and affordable housing, the FTA is encouraging TOD in areas where communities are trying to preserve, protect, and increase the supply of affordable housing.
How to Receive Federal Support for Affordable Housing Projects
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 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, such as "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, Aug. 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 Oct. 10.