MTC’s Smart Growth Incentives 1. TLC Planning ($3M)  67 community-led plans 2. TLC Capital ($84M)  80 capital projects - 40 cities - $84 million 3. Housing.

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Presentation transcript:

MTC’s Smart Growth Incentives 1. TLC Planning ($3M)  67 community-led plans 2. TLC Capital ($84M)  80 capital projects - 40 cities - $84 million 3. Housing Incentive Program ($40M)  57 housing projects  11,800 market rate bedrooms  4,800 affordable rate bedrooms

Fruitvale Transit Village One of first of new generation of Bay Area transit villages. Library, clinic, senior center, retail and 47 rental units in phase 1. Three hundred plus housing units in phase 2. Oakland Alameda County TLC planning: $47,000 TLC Capital Grant: $2 million Fund Origin: TDA, TEA-21 HIP & TLC Project

Metropolitan Apartments (aka Prometheus)  A multi-family development with 218 housing units located near bus transit and Caltrain station in downtown San Mateo San Mateo San Mateo County HIP Grant: $682,500 HIP Project HIP grants funded pedestrian and streetscape improvements along Third and Fourth Avenues in downtown San Mateo (same project area).

Richmond Transit Village Ownership Townhouses & Rentals at hub of heavy rail (BART), Amtrak & local bus Richmond Contra Costa County HIP Grant: $384,000 HIP Project

Downtown Petaluma River Apartments A 81-unit affordable housing complex next to the Petaluma River, bus lines and potential future commuter rail in downtown Petaluma Petaluma Sonoma County HIP Grant: $266,000 TLC Grant: $358,000 Fund Sources: STP/CMAQ Fund Origin: TEA-21 HIP & TLC Project

Petaluma

TLC Funds vs Transit Expansion

The Bay Area’s Transit Expansion Plan: Res 3434

Housing Thresholds: MTC TOD Policy BARTLight Rail BRTCommuter Rail Ferry Housing Units within half mile of station 3,8503,3002,7502,200750

TOD Ridership Benefits Percent using transit during two-day survey period

The Power of Transportation Funding MPOs can’t control land use MPOs do control funding Two ways we can make policy…