Communities across the country are eager to build more homes and offices near transit stations. These projects can create walkable neighborhoods, and great returns on public investment, but are often complicated and difficult to finance.
A new bill in Congress could make financing these projects easier. The Transit Oriented Development Infrastructure Financing Act would add new provision to the Transportation Infrastructure Finance and Innovation Act (TIFIA) to include financing for transit oriented development projects.
TIFIA already provides loans, not subsidies, to eligible transportation projects. The new provision would go a step further to make loans available for transit oriented development infrastructure projects as well.
The Senate needs to hear your support for this program. In the coming weeks, Congress will consider whether or not this provision should be included in the next federal transportation bill.
Send a letter to your Senators now >>
Transit oriented development is a fiscally sound way to leverage private sector dollars and create new homes and office space near transit. These projects can revitalize neighborhoods and support broader economic growth, but we need innovative programs like this to make it happen.
As Congress prepares to consider the next federal transportation bill, now is the time to voice your support for development near transit. Send a letter to your Senators today.
Real estate developers can help address gentrification, make housing more affordable, and improve social equity—all while making a profit. How do we make this possible? And how does public policy need to change in order to do so?
Join us to discuss these and other questions at the 2015 LOCUS Leadership Summit: Private Sector Solutions to the Affordability and Social Equity Crisis. This fourth annual national Summit will be held on June 2-3, 2015 in Washington, D.C.
A new survey of development trends will reveal which regions are building most walkable neighborhoods.
Photo via DC: The WalkUP Wake-Up Call, 2013.
Our major metropolitan regions are racing to capture the market demand for walkable urban places. Do you want to know who is winning?
Join us for the release of Foot Traffic Ahead: Ranking Walkable Urbanism in America’s Largest Metros on June 17, 2014 at 2:00 PM EDT, live streamed from Washington, DC during the 2014 LOCUS Leadership Summit.
Yesterday, Senate EPW Chairman Barbara Boxer (CA) and Ranking Member David Vitter (LA) released a draft bipartisan six-year, transportation reauthorization.
For the first time, the bill includes a transit-oriented development (TOD) financing provision that LOCUS has strongly supported. As proposed, the TOD financing provisions provide local communities the tools needed to leverage greater private sector investment and economic development around public transportation through the highly successful TIFIA program.
Have you ever caught a bus right outside your office? Taken the subway to a ball game? Or ridden the light rail to go to the grocery store?
If you have, you know how convenient and inviting transit-oriented development can be.
This strategy—of building neighborhoods with homes, shops and offices near public transportation—can create significant economic development, generate new tax revenue for towns and cities, and lower housing and transportation costs for families. But these projects come with complex infrastructure challenges, and as a result need more than just bank support.
A new bill introduced today in Congress would help make transit-oriented development projects more financially feasible.
Are you thinking about registering for the 2014 LOCUS Leadership Summit? Register today to take advantage of our lowest rates!
Summit registration includes two full days of programming, including “R.E.A.L. Talks: Reimaging Communities and Community Revitalization”; “Off-the-Record” sessions that will address controversial smart growth development issues; federal, state and regional policy briefings; policy roundtables about turning local practice into federal policy; and much more. Learn more about the 2014 Summit program >>
The LOCUS Leadership Summit is a chance for real estate developers, investors, members of Congress and Washington’s thought leaders to come together to discuss cutting edge design, planning, finance and management ideas you won’t find anywhere else. Registration rates go up on April 1 so register today for our all-time lowest rates.
Sound Transit in Seattle, WA was made possible in part by federal transportation funding. Photo by Flickr user Sean Marshall.
Real estate developers everywhere are familiar with the federal programs and regulations involved with building transit-oriented development. With the federal surface transportation bill due to expire early this fall, how could these programs and regulations be improved?
We want to hear from you. Join LOCUS for a conference call on Tuesday, February 25, 2014 at 3:00 PM EST to discuss federal transportation programs as they relate to smart growth development and how these programs can better support walkable, sustainable development.
LOCUS is proud to formally announce that we are expanding our efforts to six key regions across the country with LOCUS state chapters. LOCUS state chapters, working closely with LOCUS members in these states, will complement and enhance our ongoing national work to promote walkable development through education, advocacy, and technical assistance.
We have already begun work in the chapters states of Alabama, California, Georgia, Michigan, Minnesota and Washington. Thank you to the LOCUS members and allies who have met with us in these states thus far.
LOCUS members are invited and encouraged to join the work of these state chapters. If you are not yet a LOCUS member and are interested in joining, submit a membership application today.
The Urban Land Institute’s Terwillinger Center for Workforce Housing held its annual awards gala in September to recognize communities, real estate developers and policymakers in promoting workforce housing affordability. The Jonathan Rose Companies, led by LOCUS steering committee member Jonathan Rose, received the Jack Kemp Workforce Housing Model of Excellence award for their Tapestry development in East Harlem, New York. The award is given in honor of former HUD Secretary Jack Kemp in recognition of four developers who have used innovative financing and design strategies to build developments and offers units at both market rate and below-market rate for residents.
LOCUS Steering Committee member Eric Larson also attended the event to present the Robert C. Larson Workforce Housing Public Policy Award, which recognizes the commitment of a state or local government that is dedicated to the production, rehabilitation and preservation of workforce housing. New this year, the award is named in memory of Larson’s father, Bob Larson, a leading real estate developer and investor chair of the Resolution Trust Corporation and former ULI chairman. This year’s award recipient is the city of San Jose.
“My father believed that a keen sense of community would emerge when dedicated, smart people do the right thing. And public policy, with strong leadership, is key to the lasting quality of a community,” Larson said. “We are thrilled that San Jose is the first recipient of this award bearing my father’s name.”
Members of LOCUS: Responsible Real Estate Developers and Investors, representing some of the leading transit-oriented development companies in America, gathered in Washington, DC on June 15 and 16 to meet with each other and visit representatives on Capitol Hill.
LOCUS members met representatives from nearly 40 Congressional offices to discuss how federal transportation investments can better support one of the fastest-growing segments of America’s housing and real estate market: walkable, mixed-use development.
If you or your organization are interested in advocating for sustainable real estate at the federal level, consider joining LOCUS today. Learn more >>