Transit-Oriented Affordable Development
Enterprise and FRESC will hold a webinar April 14 at 2 p.m. Eastern to discuss their recent report, "Making Affordable Housing at Transit a Reality: Best Practices in Transit Agency Joint Development."
FRESC: Good Jobs, Strong Communities and Enterprise researched transit agency approaches to affordability in joint development in 24 cities. The webinar will summarize the resulting report, including the best practices and outcomes.
The report is available in the Best Practices section and here. To register for the webinar, click here.
The researchers found most transit agencies recognize that affordable housing can play a key role in supporting their mission. Many agencies have written policies or plans on affordability that guide their joint development activity. Others do not have written policies but achieve joint development with affordable housing in practice based on strong agency and community expectations.
Among the reports findings:
- At least nine transit agencies have joint development policies that include affordable housing and six others have practices of including affordable units in projects even in the absence of written policy.
- At least 3,408 affordable housing units have been created through transit agency joint development.
- At least 1,813 additional units are in various stages of planning and development.