Award of $625,000.00 with the objective to facilitate and evaluate public-private partnerships in which the private sector partner could assume a greater role in project planning, development,…

This Cooperative Agreement award of $625,000.00 from the U.S. Department of Transportation's Asset Concessions and Innovative Finance Assistance program (CFDA 20.945) is intended to facilitate and evaluate public-private partnerships in which the private sector could assume a greater role in the planning, development, financing, construction, maintenance, and operation of transportation infrastructure projects. The primary activities to be performed under the award include assisting the Niagara Frontier Transportation Authority (NFTA) in Buffalo, New York with joint development efforts for the NFTA-Metro DL & W and LaSalle stations, specifically focused on facilitating and evaluating public-private partnerships for transit-oriented affordable housing and mixed-use development. The expected outcomes include an asset concessions report, quarterly reports, and other key deliverables that will benefit commuters in the Buffalo area. The award has a performance period from December 16, 2024 to December 15, 2027.

Activities

Joint development for nfta-metro DL & w and lasalle stations: facilitate and evaluate public-private partnerships for transit-oriented affordable housing and mixed-use development.

Expected outcomes

Asset concessions report, quarterly reports, deliverables.

Intended beneficiaries

Commuters of buffalo, NY.