The Peninsula Corridor Joint Powers Board (Caltrain) will receive a $650,000 grant from the U.S. Department of Transportation to plan for Transit-Oriented Development at its 20-acre railyard in San Francisco at 4th and King streets, the DOT announced this week.
Caltrain will include public engagement and neighborhood planning, and assess how to create more housing, bicycle and pedestrian access, and better connectivity, according to the DOT.
In all, the DOT's Federal Transit Administration announced 19 awards totaling approximately $13.1 million from President Biden's Bipartisan Infrastructure Law to help boost local economies, fight climate change, and provide more transportation options through development near new or expanded transit project corridors.
"Transit stations represent access to jobs, schools, affordable housing, and so much more," said U.S. Transportation Secretary Pete Buttigieg. "With this funding from President Biden's Bipartisan Infrastructure Law, more communities will be able to develop the areas around their transit stations, which will mean stronger local economies, cleaner air, and better access to the essential services families rely on.”
These grants, funded by FTA's Pilot Program for Transit-Oriented Development (TOD) Planning, support local strategies to increase transit access and encourage ridership through mixed-use and mixed-income development near public transportation projects. The program helps communities plan for opportunities created by new transit stations, such as affordable housing, economic development, and better connections to schools, hospitals, stores, and restaurants.