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The Federal Transit Administration (FTA) this week announced the availability of $13.4 million in competitive grant funds through its pilot program transit-oriented development (TOD) planning.
The funding will support local planning and investment near transit hubs to promote sustainable, livable, and equitable communities, FTA officials said in a news release.
To apply for funding, an applicant must be an existing FTA grant recipient — either a project sponsor of an eligible transit project or an entity with land use planning authority in the project corridor. To ensure that work meets the needs of the local community, transit project sponsors and land use planning authorities must partner to conduct the planning work.
FTA officials will host a webinar on Aug. 17 to discuss the requirements for funding, application eligibility and criteria, and the submission process. Grant applications are due Oct. 10.
Meanwhile, New York Gov. Kathy Hochul, leaders from the Metropolitan Transportation Authority and officials from AvalonBay Communities this week announced the completion of Avalon Harrison, a TOD residential development near the Metro-North Railroad station in Harrison, New York. The development was built with support from the MTA.
The TOD is intended to promote downtown revitalization and improve the environment and healthy lifestyles by providing residents access to shops, amenities and rail stations within walking distance.