Maryland will provide $5 million in grants for projects to build dense, mixed-use and mixed-income developments near transit stations.
The Transit-Oriented Development Capital Grant and Revolving Loan Fund will support development near transit hubs in order to grow ridership and increase housing.
“With every grant awarded through this program, we will be fueling economic growth and building stronger communities across Maryland,” said Maryland Transportation Secretary Paul J. Wiedefeld in a statement. “By investing in transit-oriented development, we can ensure more Marylanders benefit from new opportunities, reduce congestion, grow our housing stock, and build a greener, more sustainable Maryland.”
In October, Maryland’s departments of transportation and housing announced the signing of an agreement between their two agencies to support transit-oriented development.
Officials argue that building near transit hubs helps increase transit ridership, bolsters economic growth, expands affordable and accessible housing, and lowers greenhouse gas emissions.
The state transportation department is working on plans for transit-oriented development at the Odenton MARC Station in Anne Arundel County and at Baltimore’s Reisterstown Plaza Metro Station.
Such projects have also been proposed at Lutherville Station and Maryland’s State Center complex.
Local jurisdictions can apply for up to $1 million worth of grants to fund planning, design or public infrastructure improvements.
Nonprofit or private development partners can also apply in partnership with a local jurisdiction for up to $1 million in gap funding for projects that Maryland has designated a transit-oriented development.
Interested applicants can learn more during two webinars on Feb. 14 and March 4, hosted by the Maryland Department of Transportation.
The deadline to submit applications is April 8.
Applicants can find more information about the grant program and application process by clicking this link.
