Parking fines handed out during the Olympic events at Eton Dorney (Dorney Lake) could be reinvested into the council's Big Society grant fund.
The proposal is one of a list of measures to be discussed at a Royal Borough of Windsor and Maidenhead cabinet meeting on Thursday.
Should it be approved, it would mean fines given to illegally parked cars in designated residents' parking zones would be pumped back into transport-related community and charity projects.
Free parking permits will be issued to residents, on application, in affected areas and also to their visitors including carers. Full details about this will be released nearer the time.
The list of measures also includes road closures and information about rail services.
Drop-in sessions organised by the London Organising Committee for the Olympic Games and Paralympic Games (LOCOG) on transport arrangements will be held as follows:
Thursday, February 2 - Windsor Racecourse, 4-8pm
Friday, February 3 - Windsor Racecourse, 4-8pm
Saturday, February 4 - Sainsbury's Taplow, 10-2pm
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The crash, which took place at about 7am today (Thursday), involved three vehicles. One man sadly died as a result of the collision and his next of kin have been informed.