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El Case Studies of TOD Financing Programs <br /> OVERVIEW OF TOD FINANCING PROGRAMS <br /> Other than the traditional private real estate market investment mechanisms, there are <br /> several ways that financing for TOD and infill projects are made and several different types <br /> of actors that make these investments, including: <br /> > Transit agencies, through Joint Development of publicly held land, leverage direct <br /> investment in TOD for increases in ridership or revenue; <br /> > Local governments, through TIF or other public investments, shape finance investments <br /> that meet economic development and affordability goals; <br /> > Non -profit community investment or revitalization funds create incentives for investments <br /> in previously underserved areas to create lasting neighborhood revitalization; and <br /> > Metropolitan Planning Organizations invest in development projects that shape regional <br /> land use and transportation patterns. <br /> Because of the divergence in process and outcomes among these different potential actors, <br /> this paper focuses on the existing programs of other MPOs around the country, but also <br /> offers some findings and considerations with respect to the other types of programs. <br /> MPO FINANCING PROGRAMS <br /> The first stage of the case study research was to outline some of the key decisions points <br /> for the MTC in starting a TOD Implementation funding stream. To address these decision <br /> points we identified case study programs and agencies that would provide some differing <br /> vantage points. Based on the experience of the Bay Area with the TLC Program, many <br /> MPOs (including those in Atlanta, Los Angeles, and Washington, DC) now offer similar <br /> types of programs in some form or another. However, only three finance some for of direct <br /> investment in TOD or infill projects: Metro in Portland, Oregon, the Metropolitan Council, in <br /> the Twin Cities of Minnesota, and North Central Texas Council of Governments (NCTCOG) <br /> in Dallas -Fort Worth, Texas. For each case study we have conducted background research <br /> and interviews with project managers in order to inform the decision - making process by <br /> the Commission. The following provides some more detail on each program. More detailed <br /> information on each is included as Appendix B. <br /> 18 FINANCING TRANS L 01211 N IED DEVELORNIENT IN THE SAN FRANCISCO BAY AREA <br />