People’s Alliance
Federal Credit Union
We Put People First, Even In Our Name!
Cash Services Located in the JFK Airport
Building 14 West Wing • Room 4A
www.pafcu.org • (718) 656-1774
Brooklyn, NY • Brooklyn, NY • Hauppauge, NY • Jamaica, NY
(718) 643-4506 (718) 797-2988 (631-434-3500 (718) 206-4600
x 3037
Miami, FL • Ronkonkoma, NY • Westbury, NY • Yonkers, NY
(305) 261-1255 (631) 580-3702 (516) 832-8100 (914) 963-1370
Infrastructure
Accelerator Demo
Program
Call for participation in FAST Act
AIRPORT VOICE, JANUARY 2022 17
The Fixing America's Surface
Transportation (FAST) Act, enacted in
December 2015, authorized the establishment
of a Regional Infrastructure
Accelerators Demonstration Program
(the Program) to assist entities in developing
improved infrastructure priorities
and financing strategies for the accelerated
development of a project that
is eligible for funding under the Transportation
Infrastructure Finance and
Innovation Act (TIFIA) Credit Program.
The Consolidated Appropriations Act,
2021,
A NOFO was issued in December
2020 and five accelerators were selected
from the initial round of applicants.
The Build America Bureau (the
Bureau) is issuing a second NOFO to
further expand the Program and solicit
applications for designating and funding
Regional Infrastructure Accelerators
(RIA) that: (1) Serve a defined geographic
area; (2) act as a resource to
qualified entities in the geographic area
in accordance with the FAST Act; and
(3) demonstrate the effectiveness of an
RIA to expedite the delivery of projects
eligible for the TIFIA credit program.
Projects are not required to apply for
or receive TIFIA credit assistance to
be eligible; however, applicants who
are considering the appropriateness
of innovative financing methods such
as TIFIA, the Railroad Rehabilitation
and Improvement Financing (RRIF)
credit program, Private Activity Bonds
(PABs), project bundling, private investment,
and other innovative financing
methods to accelerate the delivery
of eligible projects are strongly encouraged
to apply.
The Application Package: Applicants
must submit all applications
through www.Grants.gov. Instructions
for submitting applications can
be found at https://www.transportation.
gov/buildamerica/financing/tifia/
regional-infrastructure-acceleratorsprogram.
W E K E E P T H E
NEIGHBORHOOD CLEAN
W E K E E P T H E
NEIGHBORHOOD S A F E
W E K E E P T H E
N E I G H B O R H O O D CONNECTED
GatewayJFK is a nonprofit public-private
partnership working to make our neighborhood a
great place to work in, invest in, and live in.
Learn more at:
www.gatewayjfk.org
@gatewayjfk /company/gatewayjfk
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