On June 29, both the House and Senate passed the reauthorization for federal surface transportation programs on a bipartisan basis. Though the new transportation law has been criticized by some advocates on both sides of the aisle, it does contain a promising new transit-oriented development (TOD) funding program. The law reserves $10 million in competitive, dedicated funding for TOD planning activities undertaken by certain federal transit grantees. This is the first time that federal transportation funds have been specifically reserved for TOD activities. President Obama is expected to sign the bill before the expiration of current authorization on June 30. The reauthorization runs through September 30, 2014.
Further analysis will be available during the week of July 2 on the Enterprise Sustainable Communities and Transit-Oriented Development website.
mspotts Jun 29, 2012
Surface Transportation Agreement Includes TOD Planning Program
Both chambers of Congress pass bill by bipartisan margins