1. Financing Mixed Use Development Place-Making Infrastructure The Federal Perspective: Creating incentives and financing tools in the next Transportation Reauthorization NHC Solutions for Sustainable CommunitiesSeptember 27, 2011 Washington, DC

2. Who is LOCUS: Responsible Real Estate Developers and Investors Prospects for Transportation Re-Authorization and TOD-Oriented Development Question and Answers

3. LOCUS: About Us… LOCUS, Latin for “place,” is a national coalition of real estate developers and investors who believe transportation drives development and who advocate for sustainable, walkable development in our towns and cities. LOCUS, in partnership with Smart Growth America, works to educate policymakers about the market demand for and the social and environmental benefits of walkable, sustainable development across the country.

4. LOCUS: Steering Committee Members Christopher B. Leinberger President, LOCUS andPartner, Arcadia Land Company Ed Lipkin President, EBL&S Development Albert Ratner Chairman of the Board of Directors, Forest City Enterprises Jonathan Rose President, Jonathan Rose Companies Marilyn Taylor Dean, University of Pennsylvania School of Design Brenna S. WalravenManaging Director, USAA Real Estate Company Michael Lander President, Lander Group Richard BaronPresident,McCormack Baron Salazar Catherine Crenshaw President and CEO,Sloss Real Estate Tom Darden Managing Director,Cherokee Investment Partners Robert Davis Founder, Seaside andPartner, Arcadia Land Company Bernie Glieberman President,Crosswinds Communities Pres Kabacoff President,HRI Properties

5. Who is LOCUS: Responsible Real Estate Developers and Investors Prospects for Transportation Re-Authorization and TOD-Oriented Development Questions and Answers

6. LOCUS: Legislative Priorities Increase overall transit funding through value capture Incentivize transit-oriented development (TOD) through credit enhancement and tax incentives Require strategic planning among metropolitan planning organizations (MPOs) and state Departments of Transportation (DOTs)

7. LOCUS: 3-Prong Strategy for Transit Oriented Development Flickr user: starquake

8. Value Capture and Transit Photo Credit: Hawaii Government Archives

10. “1,000 Flowers Bloom” Approach

11. Bring the Private Sector to the TablePhoto by: Andrew Tucker

12. Transit Oriented Development Photo Credit: WaliMemon

13. Transit Oriented Development: CHALLENGES? According to a Reconnecting America study, demand for living near transit in walkable, mixed-use communities is projected to double over the next 20 years to 15.2 million households by 2030. A recent Government Accountability Office reports notes: “Some project sponsors and experts believe federal loans, loan guarantees, or credit enhancements could help bridge a financing gap.

15. Eligible recipients include transit agencies, units of local government, metropolitan planning organizations, tribal governments, and states, in partnership with other public or private agencies or organizations; and

19. Senate Environment & Public Works Committee (EPW)

20. Senate Banking Committee (transit title only)

22. LOCUS: Possible Scenarios… Flickr user: starquake

24. Streamline Project Delivery

25. State Infrastructure Banks

26. Innovative Financing, includingsupporting value capture initiatives

27. Increased $ for TIFIA program and expands eligibility – potentially TOD credit enhancement Chairman John Mica (R-FL), House Transportation and Infrastructure Committee Flickr user: starquake

29. Asset Management

30. Freight

31. Metro Mobility

32. Increased funding for TIFIA – credit enhancementChairman Barbara Bozer (D-CA), Senate Environment and Public Works Committee

34. Includes both Planning Grants and Credit Enhancement ProgramChairman Tim Johnson (D-SD), Senate Banking Committee

36. TOD is major criteria

37. Infrastructure Bank

38. “Roads, rails, runways”

39. Multi-year bill

40. “Reform” of programs

41. High Speed Rail key issuePresident Barack Obama

42. LOCUS: We Need Your Voice Key States: Florida Tennessee New Jersey Pennsylvania Texas Illinois California Montana Delaware Oklahoma Louisiana

43. LOCUS:CONGRESS NEEDS TO HEAR YOUR VOICE Join us at smartgrowthamerica.org/locus Christopher Coes Managing Director, LOCUS: Responsible Developers and Investors ccoes@smartgrowthamerica.org

44. Questions and Answers