Rail

Chicago awarded $30M HUD grant for loan program

Posted on April 18, 2013

CHICAGO — The Cook County government will receive at least $30 million from the U.S. Department of Housing and Urban Development Department to create a loan guarantee program to bolster real estate development in areas near existing rail transit lines, according to the Northwest Times.

The program is meant to make it easier for entities interested in developing real estate to receive low-interest loans, if the projects are within proximity — defined in most cases as within a half-mile — of transit lines. For the full story, click here.

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

More News

RTA identifies costs, potential funding strategies for Metra service improvements

This study was completed prior to the COVID-19 pandemic, which resulted in temporary changes to the NCS schedule.

Improperly used train approach warning led to LIRR worker’s death

The accident occurred when a Long Island Rail Road train, on track three in multiple track territory, approached a five-member crew of roadway workers in the Queens Interlocking.

Feasibility study finds tunnel could improve rail connection between San Diego-L.A.

Realigning the LOSSAN line by constructing a tunnel would shorten the rail route between the two cities by approximately three miles and reduce travel time by six to seven minutes.

MBTA board approves $159M contract to advance South Coast Rail Phase 1

When complete in fall 2023, Phase 1 will connect southeastern Massachusetts and Boston, providing riders with a one-seat trip from Taunton, Fall River, and New Bedford to Boston.

Metrolink survey highlights importance of service during stay-at-home

More than one half of the respondents either work in Healthcare (39%) or Transportation/Logistics (14%), and nearly one-third (32%) have no vehicle and rely on Metrolink to get to their jobs.

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