Regions to the Rescue:Organizing for Economic Renaissance

Regions to the Rescue:Organizing for Economic Renaissance

Gov. Parris N. Glendening

Mid-Tennessee Mayors’ Conference

Nashville, TN

September 30, 2009

Gov. Parris N. Glendening

Mid-Tennessee Mayors’ Conference

Nashville, TN

September 30, 2009

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FasTracks System Map

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FasTracks = More Great Places

Lower Downtown

Englewood

WMATA in D.C., Maryland & Virginia

900,000 average daily trips900,000 average daily trips

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Foreclosures /10,000 units

Source: RealtyTrac, Center for Regional Analysis

Metropolitan Region Average = 84

Mortgage Foreclosure RatesBy County – Nov 20, 2007

Annual Household Gas Prices in the Nashville Region - 2000

Annual Household Gas Prices in the Nashville Region - 2008

The Impact of Rising Gas Prices

Calculating Affordability

Affordable Housing Cost as a Percentage of Monthly Income (Tennessee Median of $3441)

$1,032

$2,409

Housing Remaining Income

Inclusive Monthly Housing Costs

4%

47%

30%

19%

Housing Energy Transportation Remaining Income

Potential Cost Savings - II

TodayWith Energy

Savings

With Energy and Transport

SavingsMonthly Budget $ 3,441 $ 3,441 $ 3,441 Housing* 1,032 1,032 1,032 Energy 140 98 98 Transport 654 654 344 Total Expenses 1,825 1,784 1,474

Remainder 1,616$ 1,657$ 1,967$ *2007 Tennessee Median Income

OMB Guidance on Place-based policies

Place-based policies leverage investments by focusing resources in targeted places and drawing on the compounding effect of well-coordinated action. Effective place-based policies can influence how rural and metropolitan areas develop, how well they function as places to live, work, operate a business, preserve heritage, and more. Such policies can also streamline otherwise redundant and disconnected programs.

Place-based policies leverage investments by focusing resources in targeted places and drawing on the compounding effect of well-coordinated action. Effective place-based policies can influence how rural and metropolitan areas develop, how well they function as places to live, work, operate a business, preserve heritage, and more. Such policies can also streamline otherwise redundant and disconnected programs.

A ‘regional approach’

Many important challenges demand a regional approach. The Nation is increasingly a conglomeration of regional economies and ecosystems that should be approached as such. Federal investments should promote planning and collaboration across jurisdictional boundaries.

Many important challenges demand a regional approach. The Nation is increasingly a conglomeration of regional economies and ecosystems that should be approached as such. Federal investments should promote planning and collaboration across jurisdictional boundaries.

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HUD’s New Direction

……HUD’s central mission - ensuring that HUD’s central mission - ensuring that every American has access to decent, every American has access to decent, affordable housing - cannot be achieved in affordable housing - cannot be achieved in a vacuum. For all our housing challenges a vacuum. For all our housing challenges today, I believe that goal can be realized - today, I believe that goal can be realized - but only in the broader context of but only in the broader context of housing, transportation, and energy housing, transportation, and energy costs and choicescosts and choices that American families that American families experience each day in cities, suburbs and experience each day in cities, suburbs and rural areas.rural areas.

US HUD Secretary Shaun DonovanJune 16, 2009

Livable Communities Act

S. 1618

The Livable Communities Act of 2009

A bill to establish the Office of Sustainable Housing and Communities, to establish the Interagency Council on Sustainable Communities, to establish a comprehensive planning grant program, to establish a sustainability challenge grant program, and for other purposes.

Introduced August 6, 2009

S. 1618

The Livable Communities Act of 2009

A bill to establish the Office of Sustainable Housing and Communities, to establish the Interagency Council on Sustainable Communities, to establish a comprehensive planning grant program, to establish a sustainability challenge grant program, and for other purposes.

Introduced August 6, 2009

CLEAN-TEA

S. 575

HR. 1329

Clean Low-Emission Affordable New Transportation Efficiency Act

A bill to amend title 49, United States Code, to develop plans and targets for States and metropolitan planning organizations to develop plans to reduce greenhouse gas emissions from the transportation sector, and for other purposes.

Introduced March, 2009

S. 575

HR. 1329

Clean Low-Emission Affordable New Transportation Efficiency Act

A bill to amend title 49, United States Code, to develop plans and targets for States and metropolitan planning organizations to develop plans to reduce greenhouse gas emissions from the transportation sector, and for other purposes.

Introduced March, 2009

Transportation Reauthorization

Introduced in the House in concept form.

No version offered yet in the Senate.

House draft moves in the right direction, but does not meet demand for transit funding, joint consideration of transportation and land use, alternate modes, etc.

There is time to influence the outcome!

See www.transportationforamerica.org.

Introduced in the House in concept form.

No version offered yet in the Senate.

House draft moves in the right direction, but does not meet demand for transit funding, joint consideration of transportation and land use, alternate modes, etc.

There is time to influence the outcome!

See www.transportationforamerica.org.

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Or is there a better way?