Transit planning is well underway, lines have been built, but what more can partners do to leverage the potential of their networks to support transit-oriented districts and economic development goals? How can we ensure that new investment and development actually leverage our transit assets? What strategies will address equity issues like risk of displacement or training residents near transit for the jobs that transit connects? And how does one answer these questions for the tens, if not hundreds of stops in a transit system?
A multifamily building where 30% of residents commute via subway will be significantly less likely to default on the mortgage than the same building located within 1,000 feet of a freeway corridor, according to the findings of a study funded by Fannie Mae.
Reconnecting America's Abigail Thorne-Lyman, the director of the Center for Transit-Oriented Development, will be participating in a two-day TOD Business Plan Work Session in Sacramento on April 29-30. The purpose of the meeting will be to ensure a shared understanding of TOD, affordable housing, equitable TOD; understand current initiatives in the region around transit connectivity, compact growth, and equity, and other relevant concepts, and how they result to the objectives of this work; review current financing tools; and feed this information into next steps in the project.
In early 2011, Reconnecting America released the 2010 Inventory of TOD Programs and shortly after an interactive map detailing the local, regional and statewide programs that fund transit-oriented development plans and projects. Now, Reconnecting America has updated the map and the accompanying data, including information not previously published.