Last week, we had an opportunity to connect with some members of the TOD Peer Network in person at the 2018 LOCUS Leadership Summit. In asking about the challenges they faced at home, one issue came up again and again: affordable housing.
A new residential development on one of the most transit-oriented, walkable corners of Southern California will have more parking than housing. Getting parking right is critical if transit-oriented developments are going to make the most of transit, reduce dependence on cars, and provide more attainable housing without having to bake the high cost of structured parking into every unit for sale or rent.
What was once an area full of vacant lots and empty properties in a disinvested neighborhood of Philadelphia is now home to “120 affordable and market-rate apartments with supporting retail, community services, and 68 spaces of structured parking.”
This week we’re featuring two resources that get more specific on details related to financing for housing or infrastructure in TOD.
This TOD Resource Guide by the Tampa Bay Area Regional Transportation Authority (TBARTA) is intended to serve as a resource to planners, citizens, elected officials, government agencies, local businesses, the development community, nonprofit organizations, and outside investors. The goal is to provide information about a variety of tools and implementation strategies that will help local … Continued
This white paper was developed for Enterprise Community Partners, Inc. (Enterprise) and its regional and national stakeholders working to advance equitable transit-oriented development (TOD). It focuses on the potential role of metropolitan planning organizations (MPOs) in supporting equitable TOD through the use of federal transportation funds and other resources. A set of policy recommendations and … 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 $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
The Right Size Parking (RSP) project is an innovative, data-driven research and outreach effort focused on helping local jurisdictions and developers to balance parking supply and demand for multi-family buildings.
Abstract: After decades of decline, public transportation ridership grew 36 percent from 1995 through 2008, almost three times the growth rate of the U.S. population (14%) and substantially more than the growth for vehicle miles of travel on our nation’s streets and highways (21%). This report analyzes the trends in transit regions and transit-oriented developments … Continued