goals Long Term Create a sustainable affordable fares program in which RTD offers persons earning150 of the FPL or less 50 discount on fares and passes matching the discount currently offered to seniors students and those with ID: 809872
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Slide1
Affordable Fares
Connecting to Opportunity in the Denver metro region
Slide2goals
Long Term
Create a sustainable affordable fares program in which RTD offers persons earning150
% of
the FPL or less 50
%
discount on fares
and
passes (matching
the discount currently offered to seniors, students and those with
disabilities)
Immediate
Secure commitment from public and private sector partners to allocate
$
3.7
million
annually for first 3 years
of the program
Slide3The Challenge
RTD’s low-income riders tell us… the
cost of fares is too
high
and that they are
forced to make choices between riding the bus and paying for meals, medicine and other necessitiesNeighborhood residents tell us… fares are unaffordable and that they might choose to ride transit if it were more cost effective, but currently use poor quality vehicles or rely on others for transportation
Employers tell us…. transit prices are too high for their lower wage workers and many employees do not take transit, creating congestion and parking pressures in job centers Nonprofits tell us… their limited resources can only go so far and they can only meet a small fraction of the need for subsidized transit for those experiencing homelessness, the unemployed searching for jobs, and others who cannot afford to pay anything at all
Slide4Potential
beneficiaries
Across the RTD DISTRICT
57,144
:
RTD riders
under 150% FPL
that use transit at least “a few times a week,” who do not currently access non-profit, senior, student or disabled discount programs
Slide5Affordable Fares:
Work to Date
Relationship Building
:
Public Input
RTD Board & staff
Engaged state agencies
Best Practices Learned & Shared:
King County (Seattle)
Fundraising & Implementation
Path
Engaged state and county agencies on income verification path
Engaged
in fundraising conversations with county, state, and financial institutions
Slide6Local Fundraising progress
Minimum Investment:
$100k
annually for 3 years or
$300k
one time
Bank PartnersHealth SystemsUNDER CONSIDERATION
COMMITTEDRTD ($3.7 mm)ENGAGEDHCPF CHFA
Slide7Affordable fares program
timeline
Slide8To learn more about this investment opportunity, please contact:
Melinda Pollack
mpollack@enterprisecommunity.org
or
Deya Zavala
dzavala@denverfoundation.org