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Table 5: Program Options Comparison Table <br /> 1. Capital 2. Parking 3. Direct Financing <br /> Improvements Management of TOD and Infill 4. Land Assembly 5. Affordability and <br /> Use of Funds Adjacent to TOD Strategies Projects and Site Acquisition 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 of <br /> improvements (such strategies (e.g. related portions of a entitlement of additional affordability or <br /> as streetscapes, carsharing or transit development (e.g. development projects accessibility measures <br /> bicycle and pedestrian passes) that would storm water, sewer, with medium -term (e.g. units fully <br /> facilities, transit station allow for development or utility upgrades) horizon (5 -10 years). accessible for people <br /> access routes) and/ to proceed with lower or financing of costs with disabilities) <br /> or public utility and parking requirements as a result of density <br /> infrastructure upgrades elsewhere in the increases. <br /> (such as storm water, community or could <br /> sewer, or gas /electric). provide replacement <br /> parking for parking <br /> lost through Joint <br /> Development. <br /> >Grant to local >Grant (potentially >Grant (potentially >Grant (potentially >Grant to local <br /> Funding jurisdiction revolving loan) to revolving loan) to revolving loan) to jurisdiction (and/or <br /> Approach local jurisdiction local judsdiction local jurisdiction developer) <br /> (and /or developer) (and /or developer) <br /> >MTC TLC Program >Met Council LCDA >Portland METRO >NCTCOG >Redevelopment <br /> Case Study >Met Council LCDA >Redevelopment >Met Council LCDA Landbanking Agencies <br /> Examples Agencies Program >State programs <br /> >Met Council LCDA (HCD) <br /> >Similar to existing >Facilitates district- >Facilitates >Prevents non -TOD > Increases production <br /> Potential TLC program, but wide planning and development by development on of affordable and <br /> Benefits expanded to allow implementation by addressing added key sites accessible units. <br /> funds to be used on creating shared costs of developing >Reduces holding <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 that assembly <br /> in older areas are almost feasible >Can be used to <br /> with infrastructure become feasible encourage timely <br /> constraints or increases entitlement of <br /> development projects <br /> feasibility at critical <br /> TOD sites <br /> >Is expanded TLC >How do you ensure >Are strict criteria/ >Can this type of >Better to pursue <br /> Potential program sufficient projects meet goals? review needed to funding source be statewide approach? <br /> Questions to meet regional >Should parking be maximize public patient enough to >Are there other <br /> needs? required to provide benefit? see results? funding sources for <br /> >Will funding be return to MTC if this purpose? <br /> sufficient to address priced and managed <br /> local needs? well? <br /> >Low to moderate >Low to moderate >Moderate to high >Moderate to high > Moderate to high cost <br /> Program cost cost cost cost >Moderate impact <br /> Scale >Low to moderate >Low to moderate >Moderate to high >High impact <br /> impact impact impact <br /> Program Options for an Expanded TLC Program 125 <br />