Transit Improvement Program
Purpose
This program provides loans for projects that increase the effectiveness of transit by incorporating commercial, residential, or mixed-use development and provide for safe, pedestrian-friendly use.
Customers and Services
Customers are local government authorities who are approved for designated Transit Improvement Area (TIA) loans. Designated TIAs are land parcels encompassing a 1/2 mile radius around bus rapid transit, light rail transit and commuter rail stations.
There were no state funds available during the reporting period; however, DEED has recently made designations with the intention of leveraging applications for other sources of funding. DEED designated 53 station areas as TIAs.
Measures - Reporting period is state fiscal year (SFY), July 1 - June 30
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SFY 2010*
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SFY 2011*
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Number of projects
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0
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0
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Dollars funded
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0
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0
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*This program was not funded, so there were no measures or expenditures to report.
More DEED measures: Uniform Program Accountability Measures
Funding Source and Expenditure (in thousands)
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SFY 2010
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SFY 2011
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General Fund or Bonds
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0
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0
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Statutory Authority
-- Minn. Stat., Chap. 469.351
Contact Information
Meredith Udoibok, Director
Phone: 651.259.7454 or toll-free: 800.657.3858; TTY: 651.296.3900
This information current as of December 2011.