Transit Financing

Helping You Acquire the Products and Services Your Community Needs We have always been advocates for developing a broad base of financial support for community and public transportation. Our advocacy for public investment in transportation has included support for not just federal investment -- but commitment by state and local government as well. We also believe that the private sector has a role to play in helping provide a range of investment for community and public transit and that there is a need to utilize many of the finance mechanism available in the private sector for community and public transit. The recently published "Financing Capital Investment: A Primer for Transit Practitioners," Transit Cooperative Research Program Report 89 and the Federal Transit Administration's Innovative Financing Handbook (parts of which are excerpted here) support the use of private funds through various forms of lending, and leasing as a way to make critical transit investments in community and public transit systems of all sizes and in all locations. Without Transportation Lending Services' low-interest financing, we would not have been able to purchase the building we're in. Our operation simply could not afford the local bank's commercial loan rates. Rick Thoms Souris Basin Transportation Minot, North Dakota As part of its own commitment to diversifying funding for community and public transit and to provide the most equitable way of assisting our industry with private sector and other forms of financing the Community Transportation Association of America founded the Transportation Lending Services Corporation in 2000. Transportation Lending Services is a financial institution certifi ed by the Community Development Financial Institution Fund of the United States Department of the Treasury.

Notice of Contracting Opportunities Community Development Transportation Lending Services, in partnership with EPA's SmartWay financing program, is looking for private partners -- dealerships, truck financing organizations, small trucking firms -- to partner with CDTLS and assist in developing deals and innovative finance program(s) and participating in SmartWay's diesel emission reduction program. This is a competitive process. Submittals will be evaluated based on cost and applicability. The purpose of the innovative finance program will be retrofitting used trucks (1998-2006) with verified EPA or CARB verified diesel emission reduction technologies and /or idle reduction technologies such as Diesel Particulate Filters, Diesel Oxidation Catalysts or Auxiliary Power units. For more information the EPA's SmartWay financing program, visit www.epa.gov/smartway. Certified minority and women owned disadvantaged business (MBE/WBE) are encouraged to participate. Interested parties should submit a letter of interest or proposal ideas to Patrick Kellogg, kellogg@ctaa.org; Fax: 202.737.9197; Phone: 202.415.9682.

Application Preliminary Loan Application (Word Document)(31 KB) Contact Patrick Kellogg Program Director Transportation Lending Services 1341 G. Street, NW, 10th floor Washington, D. C., 20005 Phone: 202-415-9682 Toll-Free: 800-891-0590, ext. 710 Fax: 202-737-9197