Overview of Proposed 2015 LCA
Transcription
Overview of Proposed 2015 LCA
TRANSIT-ORIENTED DEVELOPMENT GRANTS OVERVIEW OF 2015 GRANT CYCLE Purpose of Livable Communities Transit-Oriented Development (LCA-TOD) Grants The purpose of LCA-TOD grants is to promote moderate to higher density development projects located within easy walking distance of a major transit stop that typically include a mix of uses such as housing, jobs, restaurants, shops, and entertainment and is oriented to the transit stop. These development projects offer people of all ages, backgrounds, and incomes abundant, convenient and affordable transportation choices and the opportunity to live active lives. Composition of LCA-TOD Grants Funding stems from two accounts: 1. Livable Communities Demonstration Account (LCDA-TOD) – These grants support projects that connect development or redevelopment with transit; intensify land uses; connect housing and employment; provide a mix of housing and affordability; and/or provide infrastructure to connect communities and attract investments. 2. Tax Base Revitalization Account (TBRA-TOD) - These grants provide funds to investigate and clean up polluted land in areas that have lost commercial/industrial activity to make them available for economic redevelopment that enhances the tax base of the recipient municipality while promoting job retention or job growth and/or the production of affordable housing. In 2015, TBRA-TOD funds are offered only in conjunction with a concurrent LCDA-TOD application and award. Impact to Date of LCA-TOD Grants Over four grant cycles, the Council has awarded $37 million in grants to 61 projects through LCATOD. These projects are expected to help generate: $636 million in private investment and $176 million in other public investment Over 2,500 regular jobs and 2,300 construction jobs Nearly 2,300 housing units, 34% of which will be affordable For more information, contact: Erin Heelan, Senior Planner (651) 602-1633 [email protected] TRANSIT-ORIENTED DEVELOPMENT GRANTS 2015 ELIGIBILITY, AVAILABLE FUNDING, AWARD LIMITS, CALENDAR LCA-TOD-Eligible Areas Applications for projects within the following geographic areas are eligible: Areas within ½-mile of light rail, commuter rail, bus rapid transit stations operational by 2020, as well as the A Line Areas within ¼-mile linear buffer along high frequency local bus routes Areas within ½-mile of Park & Ride stations Available Funding LCDA-TOD: $5 million including up to $500,000 for Pre-Development projects TBRA-TOD: $2 million including up to $250,000 for Site Investigation projects Award Limits LCDA-TOD Pre-Development TBRA-TOD Cleanup* LCDA-TOD Development Funding # of Applications per host city $100,000 per host city, per round $1,000,000 per application $2,000,000 per host city 3 Total of 3 per city *TBRA- TOD Cleanup grants are only eligible in conjunction with a concurrent LCDA-TOD Development application and award. An application for TBRA-TOD and LCDA-TOD funds for the same project counts as one application towards the city’s limit of three 2015 TOD applications. Eligible Uses LCDA-TOD TBRA-TOD Development and Cleanup Site acquisition, holding costs, geotechnical work, demo (non-contaminated), grading and soil correction, publically-accessible infrastructure, placemaking, design, and engineering for other funded items, energy Efficiency Installations Pre-Development and Zoning Site plans, design workshops, appraisals, market studies, impact analyses, soil testing (not environmental testing), pro-forma development in support of a future development project Preparation of approved response action plan (RAP), cleanup of contaminated soil, groundwater, soil vapor or asbestoscontaining materials and lead-based paint , Phase I & II investigations, preparation of RAPs, hazardous materials surveys, limited demolition to access contamination Proposed 2015 LCA-TOD Calendar JAN-APRIL March 26: Fund Distribution Plan adopted by Council April 1, 2015: Notice of Funding Availability (NOFA) released April 1-2: LCA-TOD application submittal workshops MAY-JULY AUG-OCT NOV-JAN May 1: LCA-TOD Development and Cleanup Project Concept Plans (PCPs) due August 12: ROUND 1 PreDevelopment + Zoning CDC recommendations presented to Council November 2: ROUND 2 PreDevelopment + Zoning applications dueNovember 12: LCDA-TOD Development and Cleanup applications CDC recommendations to Council May 20, 21: LCA-TOD Design workshops June 1: ROUND 1 PreDevelopment + Zoning applications due July 1: LCDA-TOD Development and Cleanup applications due July 20: ROUND 1 PreDevelopment + Zoning applications due to CDC September 3,17,24 Livable Communities Advisory Committee (LCAC) convenes Oct 1: LCAC funding recommendations December 21: ROUND 2 PreDevelopment + Zoning recommendations presented to CDC October 19: LCAC recommendations presented to CDC Jan 13: ROUND 2 Predevelopment + Zoning CDC recommendations to Council