The VTA is set to offer 14 grants, each worth up to $175,000, aimed at promoting housing and commercial development within walking distance from three major light rail stations.
This initiative, funded through existing ground leases, requires no new taxes and targets key neighborhoods like Downtown San Jose and Santa Clara Street for densification.
By encouraging development close to transport routes, the VTA aims to address the pressing need for more housing options while mitigating the worsening traffic issues in Silicon Valley.
The focus on densifying areas around transit is crucial for sustainable growth in the region, showcasing a smart approach to urban planning that benefits both residents and the environment.
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