MDOT recently published an RFI for counties to comment before the launch of the TOD Capital Grant and Revolving Loan Fund.
The Maryland Department of Transportation (MDOT) Office of Real Estate and Economic Development (ORED) recently published a Request for Information seeking input from stakeholders to help advise the new Transit-Oriented Development (TOD) Capital Grant and Revolving Loan Fund program, anticipated to launch later this year. This RFI comes as part of MDOT’s implementation of the Equitable and Inclusive TOD Enhancement Act passed last session.
Background
The Equitable and Inclusive TOD Enhancement Act of 2023 establishes the TOD Capital Grant and Revolving Loan Fund to promote the equitable and inclusive development of transit-oriented developments and authorizes the Maryland Department of Transportation to use the Fund to provide financial assistance to local jurisdictions. It also establishes that the fund will have $5 million allocated to it in its first year and must maintain that balance at a minimum going forward. The funding for FY25 is allocated from the Transportation Trust Fund. Projects that are eligible for funding must be within a State-designated TOD area and must reflect the advancement of the TOD goals established in that Designation.
Scope & Objective
This RFI serves to gather input for MDOT to ensure the program is clear and supports effective TOD projects while also informing local jurisdictions and eligible partner applicants of the Fund’s future launch and gauging interest from prospective applicants. Any questions regarding the RFI can be directed to Alex Walinskas, TOD Coordinator at awalinskas@mdot.maryland.gov.
