fta real estate march 21, 2012 pam peckham realty specialist
TRANSCRIPT
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 Equity
FHWA 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 Development
Joint 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 activities
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
Federal Transit Administration
www.fta.dot.gov