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

Ontario, Metrolink awards $4.6B contract for Hurontario light rail

Mobilinx, which includes Transdev, will design, build, finance, operate, and maintain the system for a 30-year term.

NJ TRANSIT awards $40M contract for 'Long Slip' rail project

When completed, the project will allow the agency to operate train service longer leading into, and recover more quickly from, storm events.

Valley Link feasibility report approved by Calif. rail board

Phase 1 of the proposed rail service would cover 41 miles connecting the existing Dublin/Pleasanton BART Station to the proposed ACE North Lathrop Station.

NJ TRANSIT seeks partners to advance TOD projects near light rail

The 37-mile River LINE right-of-way includes 21 station areas across 15 municipalities.

N.Y. MTA report finds subway can speed up by as much as 50%

An agency task force initiated a study that would lead to faster trains while prioritizing customer and employee safety.

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