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Transit Oriented Development (TOD) grants

The Livable Communities Act (LCA) Transit Oriented Development (TOD) program is a new funding resource intended to help catalyze Transit Oriented Development in and around light rail transit, commuter rail, and high-frequency bus transit stations by focusing on proposals that are:

• In a Transit Improvement Area (TIA) designated by the Minnesota Department of Employment and Economic Development (DEED) or TIA-eligible station areas located along light rail, commuter rail or bus rapid transitways operational by 2020.
• Within one-quarter mile of any spot along high frequency local bus lines.
• Within a one-half mile radius of bus stops or station on high-frequency express routes where significant passenger infrastructure is in place.

 

The Livable Communities TOD program is an extension of the established Tax Base Revitalization Account (TBRA) and Livable Communities Demonstration Account (LCDA) programs, and allows applicants to combine in one application requests for resources from four different funding categories:

• Tax Base Revitalization Account (TBRA) Contamination Cleanup Site Investigation TOD grants – these grants are intended for applicants that have or will purchase a redevelopment site with suspected or perceived contamination and are seeking public funding to assist with the cost of determine the scope and severity of the contamination and to develop a cleanup plan. The investigation grants are intended to encourage an early start to the environmental remediation process.
• TBRA Contamination Cleanup TOD grants – these grants are intended for applicants that have recently completed their cleanup site investigation and are seeking public funding to assist with the cost of implementing a cleanup plan and beginning redevelopment.
• Livable Communities Demonstration Account (LCDA) Pre-Development TOD grants – these grants are intended for applicants who are defining their project through such activities as design workshops, preparing redevelopment, corridor or station area plans, developing zoning and land use implementation tools such as overlay zones or zoning districts, or determining strategies for land banking and land acquisition.
• LCDA Development TOD grants – these grants are intended for applicants that are ready to:
• acquire sites and/or conduct site preparation activities; and/or,
• begin development or redevelopment and are ready to build the infrastructure necessary to support it.

 

Applications for the first round of funding will be due February 15, 2012.