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FY2024 TOD Pilot Program Grant Application
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DESCRIPTION: Application for grant funding to develop a plan for TOD along the future East-West BRT Corridor
AGENDA NO: Click or tap here to enter text.
ACTION REQUEST:
? Approval ? Review Comment ? Information Only ? Other
RECOMMENDATION:
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Authorize the Chief Executive Officer to seek federal funds not to exceed the amount of $950,000 for the development of a plan for Transit-Oriented Development along the future East-West BRT corridor. The total project amount is estimated at $950,000; the local match is 20% with the RTA not to exceed $190,000.
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ISSUE/BACKGROUND:
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The RTA has adopted a preferred route for its first BRT route and has been accepted into the Small Starts Capital Improvement Grant (CIG) program to receive federal funding for the construction of the route. Research has shown that investment in a BRT route can significantly impact development trends and land values around it. RTA has committed to expanding its Transit Oriented Communities (TOC) activities in its updated Strategic Mobility Plan (SMP) through the following actions within the "Be Equitable" goal:
? CO27 - Create a Transit-Oriented Communities (TOC) program and plan, including consideration of property owned privately and by other public agencies;
? CO28 - Work with local governments to implement and encourage TOC with zoning overlays and other tools;
? CO29 - Work with regional and state organizations to encourage developers to build TOC in preferred areas with affordable housing;
? SH3 - Increase ridership through marketing campaigns, TOC initiatives, and regional coordination.
The TOD Pilot Program grant funding would enable the RTA, in partnership with the City of New Orleans and other local public agencies, to ensure that development around the BRT is transit-supportive in use and design and that it can support equity outcomes by facilitating the development of affordable housing and space ...
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