Equitable and Inclusive Transit-Oriented Development Enhancement Act
The passage of SB151 will significantly impact state laws concerning transit-oriented development by establishing a new financial framework aimed at fostering development projects near transit facilities. It mandates the creation of a special, non-lapsing fund to finance public infrastructure improvements, design plans for transit-oriented development, and provide gap funding for private and public development projects. By focusing on equity and inclusivity, the law will aim to enhance access to transportation resources, making them more beneficial to disadvantaged communities.
Senate Bill 151, titled the Equitable and Inclusive Transit-Oriented Development Enhancement Act, seeks to promote equitable and inclusive development of transit-oriented projects across Maryland. The bill repeals the previous authority granted to the Secretary of Transportation for designating transit-oriented developments and introduces the Transit-Oriented Development Capital Grant and Revolving Loan Fund. This Fund will provide financial assistance to local jurisdictions for projects that align with the goals of enhancing transit accessibility and supporting diverse communities, particularly for low-income and minority residents.
The sentiment surrounding SB151 is largely positive, especially among supporters who view it as a progressive step towards fulfilling transportation equity goals. Advocates argue that this legislation provides necessary funds and frameworks for local governments to enhance transit-oriented developments, thereby addressing historic inequities in transit access. However, there are concerns among some stakeholders regarding how the changes will affect local control and the adequacy of funding amounts in achieving the proposed outcomes.
A point of contention regarding SB151 lies in the shift of authority from the Secretary of Transportation to local jurisdictions and the Smart Growth Subcabinet in determining eligibility for funding. While the bill supports local decision-making in transit-oriented development, there are fears it may dilute state oversight and lead to inconsistent application of the guidelines established. This divergence in opinion marks a significant debate within transit planning circles, pitting state-level efficiency against localized governance.