Announcements

Notice of Proposed Asset Disposition Guidance and Request for Comments

Published on: March 17, 2023

FTA published and seeks comment on proposed guidance for a significant step to implement a new provision in law that permits transit agencies to use their property to support affordable housing. The 2022 National Defense Authorization Act allows FTA to authorize the transfer of FTA-funded property no longer needed for its originally authorized purpose to a local governmental authority, nonprofit organization, or other eligible entity if, among other factors, it will be used for transit-oriented development and affordable housing.

FTA is providing more information and seeking comments in a Notice of Proposed Asset Disposition Guidance and Request for Comments and has posted interim guidance in the form of FAQs. The deadline for public comments is April 14, 2023. Transit agencies, state and local governments and authorities, housing nonprofits, and other interested parties may learn more about this proposed guidance at one of our webinars on this topic:

March 29, 2023, 12pm: Register Here
April 5 2023, 12pm: Register Here

Links:
Federal Register Notice
FTA interim guidance
National Defense Authorization Act