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> Cap individual project awards but allow projects to receive funding in multiple years. <br /> > Do not cap awards for geographic subareas. <br /> > Continue to implement a regular funding cycle, ideally on an annual, or even semi- <br /> annual basis. <br /> ,SP el r ^T <br /> • 4 <br /> * gip <br /> Downtown Hayward BART <br /> Photo MTC <br /> WHITE PAPER OUTLINE: <br /> The findings and recommendations in this report are intended to aid MTC staff and <br /> commissioners, as well as the Association of Bay Area Governments (ABAG) and other <br /> interested stakeholders in the consideration of additional approaches and strategies that <br /> could provide direct support for specific projects that further regional goals for transportation <br /> and land use over and above what the TLC Program is currently able to provide. <br /> This White Paper has three parts: <br /> > Adefinition of the funding needs and the barriers to infill and transit - oriented development <br /> in the Bay Area with several case studies of ongoing development projects in the <br /> region; <br /> > A review of existing similar programs implemented by other regional planning agencies <br /> to understand lessons learned and potential options for structuring such a program; <br /> and <br /> > An evaluation of the potential effectiveness and possible challenges of different <br /> approaches for MTC and ABAG to support transit - oriented development and infill <br /> development projects taking into account the Bay Area regional planning and <br /> development context. <br /> 6 FINANCING TRANSIT.ORIH NI DEvELOGPIENT IN THE SAN FRANCISCO BAY AREA <br />