FTA Real Estate March 21, 2012

Pam PeckhamRealty Specialist

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Triennial & State Management

Triennial Reviews and State Management Reviews

Real estate related activities Satisfactory Continuing

Control

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Triennial & State Management

Incidental use of any FTA funded real property

Excess Real Property Inventory and Utilization Plan

FTA funded real property that has been disposed of

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Triennial & State Management

Subject areas that could be added:

• Real property acquisition, including valuation,

• Relocation assistance, and• Real property

management.

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Relocation Negative EquityFHWA waiver of the regulations on the

methodology of calculating replacement housing payments for negative equity

FTA is considering the adoption of a similar waiver

Any request should go to the FTA regional office

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Joint DevelopmentJoint development is a form of TOD

Project specific: on, above, or adjacent to transit agency property

Partnership of public and private interests

Joint Development Guidance (72 FR 5788) provides specific criteria

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Joint Development

Joint development a partnership of public and private interests

The Joint Development Guidance (72 FR 5788) provides specific criteria.

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Joint Development

• Commercial and residential development,

• Pedestrian and bike access to a public transportation facility,

• Construction, renovation, and improvement of intercity bus and intercity rail stations, and

• Renovation and improvement of historic transportation facilities.

Some the

eligible activitie

s are:

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Joint Development

The transit agency should submit proposals

to the regional office including the Joint

Development Checklist.

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Joint Development Checklist I. PROJECT DESCRIPTION Project Sponsor:

Date Submitted:

FTA Project Number (if known):

Project Title: Project Location (Include City and Street Address): Name of Project Contact:

Phone: E-mail Address (if available):

Type of Project: Commercial development Residential development Pedestrian or bicycle access to public transportation facility Construction, renovation, or improvement of intercity bus or intercity rail station or terminal Renovation or improvement of historic transportation facility Other

Description of Project: II. MATERIALS SUBMITTED

Joint Development Checklist Joint Development Agreement Certification of Compliance or Alternative Certification (with written explanation)

III. APPLICATION OF STATUTORY CRITERIA Requirement Description Economic Link (check (1) or (2)):

(1) Enhances economic development or (2) Incorporates private investment

Public Transportation Benefit (check (3) & (4), or (5)): (3) Enhances the effectiveness of a public

transportation project and (4) Relates physically or functionally or (5) Establishes New or Enhanced Coordination

Between Public Transportation and other Transportation

Revenue for Public Transportation (check (6)): (6) Provides a Fair Share of Revenue for Public

Transportation that will Be Used for Public Transportation

Reasonable Share of Costs (check (7) if applicable): (7) Occupants to pay a reasonable share of the

costs of the facility through rental payments and other means

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Joint Development

The Circular will provide notice and a comment period.

A Joint Development Circular should be published in the Federal Register this summer.

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OMB Real Property Status Report

The Office of Management and Budget established a real

property advisory committee.

The committee is taking a more focused look at the government’s

real property inventory.

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OMB Real Property Status Report

Real Property Status Report can be found on the OMB website:

http://www.whitehouse.gov/sites/default/files/omb/grants/approved_forms/sf-429.pdf

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OMB Real Property Status Report

Purpose: collect information when real property is acquired using federal financial assistance

Use of this report is voluntary Supporting policy has not been finalized

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OMB Real Property Status Report

FTA has not required this type of reporting in the past

A database for reporting the federal interest in real property is in the future

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Questions?

Pam Peckham202-493-0275

pamela.peckham@dot.gov

Federal Transit Administration

www.fta.dot.gov