FTA Releases Final Rule to Promote Coordination of Housing and Transit Investments

On December 27, the Federal Transit Administration (FTA) released the final rule for its Major Capital Investment Projects program (also known as New Starts/Small Starts), which is the primary competitive funding source for the development/expansion of public transit projects. The new rule includes incentives for developing and preserving affordable housing near transit, providing pedestrian access from existing development to transit service, undertaking joint development and utilizing green building practices. The Final Rule (49 CFR Part 611) is the culmination of a two-year long rulemaking process during which FTA conducted extensive outreach. During this process Enterprise joined several key partners, including Habitat for Humanity, the National Housing Conference and the Local Initiative Support Corporation in providing detailed comments.

– Enterprise Capitol Express Newsletter / FTA

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