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The program allows affordable housing developers to partner with transit agencies to seek funds for projects that reduce greenhouse gas emissions and provide benefits to disadvantaged communities.
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Community-focused investments like TOD are integral to the Biden-Harris Administration’s priorities, including connecting communities and reducing the climate impacts of transportation.
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The funds will support comprehensive planning efforts that help connect communities, improve access to public transportation and affordable housing, and promote equitable delivery of benefits to underserved communities.
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The agreement marks MARTA’s second project working with a private developer in the Perimeter market to provide direct transit access to a building.
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Carmen Taveras has more than 20 years of diverse real estate experience managing real estate portfolios and land development.
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Highlighted a distinct lack of support from the state when it comes to transit funding — citing Bi-State Development as a local example.
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The 37-mile River LINE right-of-way includes 21 station areas across 15 municipalities.
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In order to apply for program funding, an applicant must be an FTA grantee.
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Will begin exploring TOD concepts on eight vacant parcels acquired as part of the $280 million reconstruction of the 95th Street terminal.
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By tying mixed-use developments to its rail stations and bus lines via TOD, municipalities can enhance residents’ quality of life.
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