City of Somerville header
File #: 24-0909    Version: 1
Type: Order Status: Sent for Discussion
File created: 6/10/2024 In control: Land Use Committee
On agenda: 6/13/2024 Final action:
Enactment date: 6/13/2024 Enactment #: 217211
Title: That the Executive Director of the Office of Strategic Planning and Community Development update this Council on the possibility of receiving additional federal financing for transit-oriented development through the Transportation Infrastructure Finance and Innovation Act (TIFIA 49) initiative and the potential eligibility of projects in Somerville.
Sponsors: Jake Wilson, Matthew McLaughlin
Indexes: SPCD Administration

Agenda Summary

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That the Executive Director of the Office of Strategic Planning and Community Development update this Council on the possibility of receiving additional federal financing for transit-oriented development through the Transportation Infrastructure Finance and Innovation Act (TIFIA 49) initiative and the potential eligibility of projects in Somerville.

 

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Official Text

That the Executive Director of the Office of Strategic Planning and Community Development update this Council on the possibility of receiving additional federal financing for transit-oriented development through the Transportation Infrastructure Finance and Innovation Act (TIFIA 49) initiative and the potential eligibility of projects in Somerville.

 

CONDITION/AMENDMENT

AMENDMENT: That the Executive Director of the Office of Strategic Planning and Community Development update this Council on the possibility of receiving additional federal financing for transit-oriented development through the Transportation Infrastructure Finance and Innovation Act (TIFIA 49) initiative, IRS 63-20 corporation financing and Railroad Rehabilitation & Improvement Financing (RRIF) and the potential eligibility of projects in Somerville.