there is limited land near transit, and TOD is becoming moredesirable, raising land values near transit and putting existing affordable housing neartransit at riskZoning codes, parking policies, and high permitting fees
Provide resources so that affordable housing providers can act quickly to purchase affordable housing near transit that might be at risk.
LIHTC is a crucial resource for affordable housing preservation. States should use their tax credit allocation plans to create incentives for locating affordable housing near transit. States use LIHTC to create incentives for locating affordable housing near transit. Some states link tax credit to smart growth strategies. LIHTC has been used for some preservation of affordable housing, which is an important strategy for places with colder markets that may not be able to attract new development. Preserve units in anticipation of change. 32 states offer points for locating near transit Ex. New Jersey offers incentives for developments located within “transit villages”, designed to bring housing closer to public transit. Florida requires all single-room occupancy developments funded with LIHTC to be within one-half mile of public transportation (Source:NHT website)
Target audience was CDCs
New subsidies – Denver used federal Neighborhood Stabilization Program and Seattle used Weatherization Assistance ProgramAaron will talk about Denver’s TOD fundSan Francisco, Great Communities Collaborative – local and regional advocacy orgs plus community foundations working on TOD – incl. preservation and production of affordable housing
Targeted to CDCs, but useful for others as well
Interactive tool that measures the affordability of housing based on its location. Database covers over 330 metro regions. This is an example of Washington DC.Yellow representing less than 30 percent housing costs and the blue representing 30 percent or greater housing costs. When you factor in the housing + transportation costs you see the overall household costs increase, with a greater number of people now paying more than 45 percent on housing + transportation costs. CNT has defined an affordable range for H+T as the combined costs consuming no more than 45% of incomeA tool for communities to foster Mixed-income TOD around transit stations. Interactive guide that asks you a set of questions about your community and gives you a recommended output of strategies to consider in your community. It helps you to think through the steps to collect and analyze data, coordinate stakeholders, conduct community engagement and promote policy reform. The primary Audience for this Action Guide is the local planner seeking to update planning policies in light of new transit station implementation. Though targeted at planning professionals, the guide should also be useful for decision makers, community advocates, and community-based organizations that are looking at mixed-income housing and TOD development in their area.Tool to measure and project transit demand, identify existing and potential TOD markets and their benefits. Contains demographic data: who lives in an area, how much do they make, and where do they work?. You can search by Transit Zone. Transit Shed or Transit Region. To determine if a neighborhood is affordable they draw from the H+T Index. We’ve used this tool on plans in Baltimore and Los Angeles. Planners, developers, transit advocates, non-profits, researchers etc. Use it when working on Consolitdated Land Use Plans, Priority development areas, potential station characteristics, transporation plans. CTOD working on updating it to include information on LIHTC datasets and a few other datasets for incorporating more affordable housing into the database. And should include data on mortgage info. Funded by the FTA
SSC2011_Sarah Kline PPT
Preserving Affordable Housing near Transit<br />Sarah Kline<br />Policy Director, Reconnecting America<br />Solutions for Sustainable Communities: 2011 Learning Conference on State and Local Housing Policy<br />September 26, 2011<br />
What is Transit-Oriented Development?<br /><ul><li>TOD = compact, walkabledevelopment within ½ mile of </li></ul>high-quality transit<br /><ul><li>Ideally, TOD will include a mix </li></ul>of uses, such as –<br /><ul><li>housing
Policy Recommendations to Preserve Affordable Housing Near Transit<br />Ensure that sufficient federal funding exists to renew all expiring contracts<br />Provide adequate funding for the Section 202 program and support the rehabilitation of aging properties<br />Enhance funding for preservation through acquisition funds<br /><ul><li>Develop early warning systems to track at-risk housing and allocate resources appropriately.
Four steps toward preservation near planned transit<br />Make an affordable housing inventory<br /><ul><li>Helps identify locations to target when mapped against planned transit line</li></ul>Identify acquisition resources<br /><ul><li>Need to know ahead of time what tools are available