|
Transit Oriented Development:
Transit-Oriented Development (TOD) - compact, mixed-use development within walking distance of public transportation - is a key element of livable and sustainable communities. TOD creates communities where people of all ages and incomes have access to transportation and housing choices by increasing location efficiency and allowing people to walk, bike and take transit for their daily trips. TOD is attractive to its residents because it fosters a convenient and affordable lifestyle where housing, jobs, restaurants, and entertainment are all in convenient proximity. In addition, TOD increases transit ridership and reduces automobile congestion, providing value for both the public and private sectors.
There is often confusion as to the difference between TOD and Joint Development (JD). Transit-Oriented Development (TOD) and Joint Development (JD) refer to the development of real property near public transportation. TOD refers to neighborhood-scale, compact, mixed-use development within walking distance of public transportation. JD refers to the development of real property that was purchased with FTA funds.
Although DOT does not sponsor a grant program specific to transit-oriented development, most FTA funding programs can be used for capital projects that support TOD. The following is a list of TOD-related activities that may be funded by FTA:
- Real estate acquisition
- Demolition
- Site preparation
- Building foundations
- Utilities
- Walkways
- Open space
- Safety and security equipment and facilities
- Facilities that incorporate community services like healthcare and daycare
- Intermodal transfer facilities
- Transportation-related furniture, fixtures and equipment
- Parking
- Project development activities
- Professional services
- Pedestrian improvements
- Bicycle improvements
|
People shopping and walking around an Atlanta Regional Commission Livable Centers Initiative proposed TOD
|
