Innovative Transit Financing: Is the New Markets Tax Credit a Viable Financing Mechanism for Transit Projects?

Financing transit projects is expensive and as the federal government and local municipalities balance multiple spending priorities, the pool of funds for transit could be reduced. Transit agencies and supporters should continue looking for innovative ways to source funds for projects. The New Markets Tax Credit is an established program that encourages private sector investment in qualified projects, such as transit. A comparison of New Markets Tax Credit program criteria and available public transit data proves that there is enough crossover to leverage the New Markets Tax Credit as an innovative financing option for transit projects, particularly Demand Response systems.

• 
• Supplemental Notes:
  • This paper was sponsored by TRB committee ABE10 Standing Committee on Revenue and Finance.
• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Vachris, Melissa Schramm
• Conference:
  • Transportation Research Board 96th Annual Meeting
  • Location: Washington DC, United States
  • Date: 2017-1-8 to 2017-1-12
• Date: 2017

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; Maps; References; Tables;
• Pagination: 14p
• Monograph Title: TRB 96th Annual Meeting Compendium of Papers

Subject/Index Terms

• TRT Terms: Accessibility; Demand responsive transportation; Financing; Innovation; Investments; Private enterprise; Public transit
• Uncontrolled Terms: Tax credits
• Subject Areas: Administration and Management; Finance; Public Transportation;

Filing Info

• Accession Number: 01626400
• Record Type: Publication
• Report/Paper Numbers: 17-00318
• Files: PRP, TRIS, TRB, ATRI
• Created Date: Feb 23 2017 2:58PM