This is the first time I've heard of a "Transit Village" so I did a search on it and now I see why it's included in this story. It's all about money, as usual.
http://www.state.nj.us/transportation/community/village/
I think this was originally part of 'MOM'. Monmouth Ocean Middlesex. That was introduced back in 2000.
Excerpt:
A good candidate should strive to minimize automobile use by maximizing the appeal of transit. One example of this is the