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TOD Funding

Funding is a critical and complex piece of the development puzzle. To ease your search for public funding partners and sources, the TOD Office compiled a comprehensive funding guide. This expansive resource is an annually updated reference for developers and cities and is a snapshot of the current financing environment for TOD projects in the region.

The TOD Funding Guide, updated in 2020, provides information on potential funding sources and financial tools for TOD projects. This funding guide is a dynamic database, sortable by many variables including type of project, source of funds, type of funding program, and size of funding need and includes contact information for each program. The first tab in the spreadsheet is a User Guide to help maximize the utility of this tool. 

> Access the TOD Funding Guide

Local TOD Grant Programs

Metropolitan Council TOD grants

The Council’s TOD grants (LCA-TOD) promote moderate- to high-density development projects located within walking distance of a major transit stop that typically include a mix of uses such as housing, jobs, restaurants, shops, and entertainment.   

TOD projects are expected to diversify uses and provide a higher concentration of amenities in compact transit station areas, contributing to high-quality pedestrian-oriented streets and public spaces encouraging the use of transit service. Through a focus on TOD, the Council aims to integrate transportation, jobs, and housing, leverage private investment, advance equity, and increase transit ridership.

> Visit the Metropolitan Council TOD Grant program webpage

Hennepin County TOD grants

The Hennepin County Board of Commissioners has authorized approximately $2 million in grant funds per year for TOD projects throughout Hennepin County that support TOD principles, including walkability, transit ridership and compact, efficient use of space.

> Visit the Hennepin County TOD Grant program webpage

Ramsey County Critical Corridors Grants

Ramsey County is offering assistance to qualifying public, private and non-profit organizations for place-based investments along major transportation, commercial and cultural corridors.

> Visit the Ramsey County Critical Corridors webpage

Additionally, TOD sites are often previously occupied by another use, and Ramsey County recognizes the need to transform contaminated property into viable use. Brownfield cleanup costs are supported by the Environmental Response Fund (ERF) and may apply to TOD projects. Private, for-profit and nonprofit agencies and organizations are eligible.

> Visit the Ramsey County HRA Environmental Response Fund webpage