Two Transit Agencies Using Their Clout to Spur Affordable Housing

More transit agencies are recognizing that it's not enough to build transit infrastructure if the people who really need it don't live close enough to use it.

1 minute read

February 20, 2018, 2:00 PM PST

By James Brasuell @CasualBrasuell

Angel DiBilio / Shutterstock

According to an article on the TransitCenter website, transit agencies in Los Angeles and Seattle are "testing strategies to encourage affordable development near transit."

In Los Angeles, the Los Angeles County Metropolitan Transportation Authority "is providing $9 million to developers at a low interest rate to build affordable housing within a half mile of transit lines" through its MATCH Loan Program. The California Endowment and local Community Development Financial Institutions donated enough to that pot of money to bring the total to $75 million.

In Seattle, "Sound Transit has begun deeply discounting property sales to make affordable housing projects pencil out." According to the article, "Washington State passed a new statute in 2015 – tied to the 2016 passage of the transit ballot measure ST3 – stipulating that Sound Transit must begin considering affordable housing outcomes in its capital projects."

The article includes a lot more detail from each of these two case studies, which have fundamental differences and critical lessons for other transit agencies looking to better connect housing options to transit options.

FULL STORY: Affordable Housing: A Next Frontier for Transit?

Tuesday, February 6, 2018 in TransitCenter

Housing Infrastructure Land Use Urban Development California Washington Seattle Los Angeles Affordable Housing Housing Development Transit Planning Planning Housing Incentives ST3 MATCH Loan Program Los Angeles County Metropolitan Transportation Authority Sound Transit Sound Transit 3 View More

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