Transit-Oriented Development Fund
In 2014, LISC, the State of Connecticut Department of Economic & Community Development (DECD), and the Connecticut Housing Finance Authority (CHFA) launched a $15 million loan fund to encourage transit-oriented development (TOD) around station stops along CTfastrak and the New Haven-Hartford-Springfield rail corridor.
In 2016, the Connecticut TOD Fund was expanded to cover all bus rapid transit and commuter rail corridors statewide, Including: CTfastrak, the Hartford Line, Shoreline East, and MetroNorth – New Haven Main Line and the New Canaan, Danbury, and Waterbury Branch lines. In 2021, the fund was expanded a second time to cover sites on CTtransit corridors that offer 7-day bus service.
The fund includes $13 million from LISC, $1 million from the State of Connecticut DECD, and $1 million from CHFA. The fund is managed by LISC. It provides predevelopment and acquisition loans to eligible projects to promote a mix of transit-oriented uses including new housing, retail, and commercial space.
