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FTA Real Estate March 21, 2012 Pam Peckham Realty Specialist.

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Presentation on theme: "FTA Real Estate March 21, 2012 Pam Peckham Realty Specialist."— Presentation transcript:

1 FTA Real Estate March 21, 2012 Pam Peckham Realty Specialist

2 Triennial & State Management Triennial Reviews and State Management Reviews Real estate related activities Satisfactory Continuing Control 2

3 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 3

4 Triennial & State Management Subject areas that could be added: Real property acquisition, including valuation, Relocation assistance, and Real property management. 4

5 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 5

6 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 6

7 Joint Development Joint development a partnership of public and private interests The Joint Development Guidance (72 FR 5788) provides specific criteria. 7

8 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: 8

9 Joint Development The transit agency should submit proposals to the regional office including the Joint Development Checklist. 9

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11 Joint Development The Circular will provide notice and a comment period. A Joint Development Circular should be published in the Federal Register this summer. 11

12 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. 12

13 OMB Real Property Status Report Real Property Status Report can be found on the OMB website: 13

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15 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 15

16 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 16

17 Questions ? Pam Peckham

18 Federal Transit Administration


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