This paper points to two evolutionary steps that can promote economically viable and more livable transit oriented communities – (1) coordinating transit and real estate development in one sequential process and (2) advancing TOD goals beyond vertical real estate development to encompass community “Livability Benefits” that are often required of developers and typically mandated by … Continued
The $50 million Fund provides financing for the development of affordable housing and other vital community services near transit lines throughout the Bay Area. Through the Fund, developers can access flexible, affordable capital to purchase or improve available property near transit lines for the development of affordable housing, retail space and other critical services, such … Continued
Over the past decade, it has become increasingly clear that the presence of transit can increase property values and result in valuable development opportunities. In this era of constrained transit funding and widespread demand for new and expanded transit systems, policy makers, transit planners and elected officials are increasingly interested in harnessing a portion of … Continued
Across the country, more communities are looking for ways to enhance their livability. Transit-oriented development (TOD) is one means of creating sought after, economically vibrant neighborhoods. Transit-oriented development—which includes a mixture of housing, office, retail, and/or other commercial development and amenities integrated into a walkable neighborhood and located within a half-mile of quality public transportation—can … Continued
In 2010, Enterprise and Denver-area partners launched a first-of-its-kind fund to create and preserve affordable housing along current and future transit corridors in the City of Denver. As the region’s transit system extended beyond the City, the fund expanded to meet new demand. Today, the $24 million Denver Regional Transit-Oriented Development Fund is available to … Continued
The land near transit stations is a valuable commodity. Hundreds or thousands of people travel to and through these places each day, and decisions about what to do with this land have implications for local economies, transit ridership, residents’ access to opportunity, and overall quality of life for everyone in a community. Many communities choose … Continued
Filling the Financing Gap for Equitable Transit-Oriented Development describes the key components of a model system for equitable TOD, the most common challenges regional actors face in moving equitable TOD projects forward and a variety of strategies partners can use to address these challenges. The report includes recommendations for approaches to leveraging public and private … Continued
Transit-oriented development (TOD) is a responsible fiscal choice for local governments and can actually save local governments money, as detailed in Fiscal Impacts of Transit-Oriented Development (TOD) Projects. This report, based on research undertaken by the Baltimore-Washington, D.C. TransitOriented Development (TOD) Product Council, was prepared by Dr. Dean Bellas, president of Urban Analytics and a … Continued
Expenditures on transportation have increased from the sixth largest share (less than 2%) of household budgets in 1917 to the second largest share (over 20%) since the 1970s. Under this circumstance, transit-oriented development (TOD) has gained popularity worldwide as a sustainable form of urbanism by concentrating developments near a transit station so as to minimize … Continued