SEPTA launches transit supportive community development program
The new initiative aims to advance ridership, climate, equity and economic development goals.
The Southeastern Pennsylvania Transportation Authority (SEPTA) has introduced its Transit Supportive Community Development (TSCD) Program — a key initiative of SEPTA Forward, the authority's strategic plan to support healthy, sustainable and vibrant communities.
This program will expand access to transit by shaping development near SEPTA services, leading to increased ridership, improved social equity through mixed-use and mixed-income projects, the stabilization of SEPTA's financial base and reduced reliance on cars.
Unlike traditional transit-oriented development programs, SEPTA's TSCD program will guide and support development along corridors with frequent transit service — not just near SEPTA stations. As a major driver of the regional economy and an essential service provider, SEPTA views TSCD as a critical component of its effort to create the seamless, equitable transit network envisioned in SEPTA Forward.
SEPTA generates more than $3 billion in annual statewide economic activity, and proximity to SEPTA services contributes to a premium of $33 billion in housing values across the region.
"Making our communities easier to navigate by transit, walking or biking enables more people to take advantage of SEPTA's frequent network and upcoming transformational service improvements laid out in SEPTA Forward," said SEPTA CEO/General Manager Leslie S. Richards. "Development that supports and expands access to transit is key to reaping the benefits of public transportation, like reduced greenhouse gas emissions, reduced household transportation costs and increased social mobility. We are excited to launch a program that makes an inclusive, safe and sustainable future possible."
Click here to read the full article.