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Table 1: Direct Investment Program Approach Comparison <br /> 1. Capital 2. Parking 3. Direct Financing <br /> Use of Improvements Management of TOD and Infill 4. Land Assembly 5. Affordability <br /> Funds Adjacent to TOD Strategies Projects and Site Acquisition and Accessibility <br /> Funding for off -site Financing for Funding for Financing for land Paying for the <br /> Description or adjacent capital neighborhood parking infrastructure- assembly and incremental costs <br /> improvements (such strategies (e.g. related portions of a entitlement of of additional <br /> as streetscapes, carsharing or transit development (e.g. development projects affordability or <br /> bicycle and passes) that would storm water, sewer, with medium -term accessibility <br /> pedestrian facilities, allow for development or utility upgrades) horizon (5 -10 years). measures <br /> transit station to proceed with lower or financing of costs (e.g. units fully <br /> access routes) and / parking requirements as a result of density accessible for <br /> or public utility elsewhere in the increases. people with <br /> and infrastructure community or could disabilities) <br /> upgrades (such as provide replacement <br /> storm water, sewer, or parking for parking <br /> gas /electric). lost through Joint <br /> Development <br /> Funding >Grant to local >Grant (potentially >Grant (potentially >Grant (potentially >Grant to local <br /> Approach jurisdiction revolving loan) to revolving loan) to revolving loan) to jurisdiction (and/ <br /> local jurisdiction local jurisdiction local jurisdiction or developer) <br /> (and /or developer) (and /or developer) <br /> Case Study >MTC TLC Program >Met Council LCDA > Portland METRO > NCTCOG > Redevelopment <br /> Examples >Met Council LCDA >Redevelopment >Met Council LCDA Landbanking Agencies <br /> Agencies Program >State programs <br /> >Met Council LCDA (HCD) <br /> Potential >Similar to existing >Facilitates district- >Facilitates > Prevents non -TOD > Increases <br /> Benefits TLC program, but wide planning and development by development on production of <br /> expanded to allow implementation by addressing added key sites affordable and <br /> funds to be used on creating shared costs of developing >Reduces holding accessible units. <br /> non - transportation pool of parking in TOD and infill costs for site <br /> infrastructure and managing it areas acquisition and <br /> >Helps 'seed" TOD efficiently. >Helps projects assembly <br /> in older areas that are almost >Can be used to <br /> with infrastructure feasible become encourage timely <br /> constraints feasible or increases entitlement of <br /> development projects <br /> feasibility at critical <br /> TOD sites <br /> Potential >Is expanded TLC > How do you ensure >Are strict criteria/ >Can this type of >-Better to pursue <br /> Questions program sufficient projects meet review needed to funding source be statewide <br /> to meet regional goals? maximize public patient enough to approach? <br /> needs? > Should parking benefit? see results? >Are there other <br /> >Will funding be required to funding sources <br /> be sufficient to provide return to for this purpose? <br /> address local MTC if priced and <br /> needs? managed well? <br /> Program > Low to moderate > Low to moderate > Moderate to high >Moderate to high > Moderate to high <br /> Scale cost cost cost cost cost <br /> >Low to moderate >Low to moderate >Moderate to high >Highimpact >Moderateimpact <br /> impact impact impact <br /> Executive Sunnnary Ii <br />