Leveraging TIFIA and RRIF to Expand TOD
The Challenge
The Transportation Infrastructure Finance and Innovation Act (TIFIA) and the Rail Rehabilitation Improvement Financing (RRIF) programs support traditional transportation projects like the development of highways, bridges and transit systems for more than 25 years. In 2024, USDOT expanded eligibility for this program to include certain TODs. Implementing these valuable funding mechanisms in successful transportation infrastructure poses complex challenges that require professional expertise.
The Approach
To date, Rebel has advised on more than $25B in transportation projects financed (in part) by TIFIA and RRIF loans. This experience – and our expertise in other aspects of TOD – positions Rebel to advise on TIFIA and RRIF loan strategies that empower public agencies to acquire durable, low-cost lending options. Rebel is a trusted advisor to municipalities seeking innovative finance through the Build America Bureau, including the expansion into TOD project financings that facilitate market-rate and affordable housing adjacent to bus rapid transit, rail transit, and commuter rail lines. Rebel’s work has included real estate market due diligence, lease and financial documents negotiations, and supporting with letter of interest applications.
Impact
Rebel team of expert financial advisors navigated the complexities of TIFIA and RRIF and helped realize significant cost savings on critical public infrastructure projects.
