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funding

Reconnecting America Applauds Obama Rail, Infrastructure Goals

With the main focus on creating jobs, investing in infrastructure and building communities with transportation options will be key

Reconnecting America applauds President Obama’s remarks last night in the State of the Union with regard to his support for high-speed rail, improved infrastructure, and, in particular, development around rail stations.

Transit-oriented development, or TOD, is what we do.  We specialize in building on-the-ground partnerships and convening the players necessary for responsible, equitable development near transit centers.  Therefore, we were elated to hear the President recognize that “Jobs…didn’t just come from laying down track…. They came from businesses that opened near a town’s new train station….” Modernizing our infrastructure means providing better transportation choices for people of all walks of life.  Everybody wants to live in a community where they have easy access to jobs, quality housing, shopping, schools, healthcare and recreational opportunities.

CDFIs And Transit-Oriented Development

Center for Transit-Oriented Development report details how community development finance institutions can promote TOD

Report coverIn October 2010, the Center for Transit-Oriented Development published a report exploring the role community development finance institutions could play in promoting equitable transit-oriented development. This document is an initial effort to frame the context of TOD and equity, and to encourage a more robust discourse on the connection between the agendas of CDFIs and TOD.

Below is the Executive Summary from the report

Introduction

Tools for Mixed-Income TOD

Tools and strategies used to create mixed-income and affordable housing near transit

The purpose of this paper is to evaluate and disseminate examples of tools and strategies from around the country that are being used to create mixed-income and affordable housing near transit. Through this report, we hope to encourage more communities, regional agencies, state and federal government, and developers to adopt and improve upon the successful strategies, and to spur ideas for other tools that do not yet exist.

The first half of the paper explains the general areas and ways in which the tools are used, as well as any limitations that currently exist, and the second half provides best practices and an actual example of the strategy or tool in a transit-oriented development.

Tools for Mixed-Income TOD

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