 Funding Programs
Vanpools are a cost-effective way to provide new service or augment existing service in many public mass-transit systems. And yet today, transit systems across the nation are faced with operating budgets that are lower than those which they’ve enjoyed in the past, while requests for service are at an all time high. Help bridging that gap may be available by using the Federal Transit Administration’s (FTA) Capital Cost of Contracting Policy, its Capital Leasing program or its annual NTD reporting system.
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Funding Partners
Public Transportation Agencies Partner with VPSI.
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Capital Leasing
The FTA provides funding for two different types of capital leases...
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Capital Cost of Contracting
One way to provide a subsidy program for vanpooling with VPSI is through the use of the FTA’s Capital Cost of Contracting Policy. This policy allows grant recipients the option of using FTA capital assistance rather than operating assistance to fund the cost of privately-owned capital components of vanpool services obtained in a competitive solicitation.
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Lease v. Buy
Under the right circumstances, leasing vehicles under VPSI‘s Capital Lease Program can offer public transit agencies significant benefits.
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National Transit Database
The National Transit Database or NTD as it’s commonly called, is the mechanism through which the Federal Transit Administration collects uniform data needed by the Secretary of Transportation to administer Department programs.
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CommuterBucks
CommuterBucks can be provided to your employees as rewards, incentives, or on any basis consistent with your employment policies and practices. CommuterBucks cannot be exchanged for cash and are only good on VPSI Commuter Vanpools.
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