Tuesday, May 18, 2010

Attn: Developers

Looking for that extra little bit of scratch that can make your proposed project pencil where banks are too nervous and cities are too impotent? New bags of money available from the Ford Foundation via $200 million in Transit-Oriented Development Grants:
“When we look at metro regions and see pockets of serious unemployment but also pockets of employment opportunity, and disjointed transit systems that fail to connect people to the services they need and the jobs they seek, it’s clear that a different approach is needed,” Pablo J. Farías, a vice president at the foundation, said in a statement on the grants.
With many Cities crippled under the weight of their own overextended infrastructure, it is going to take the concerted efforts of any and all pockets to get us through to the other side.