5. Let’s leverage these opportunities to expand
transit ridership and create sustainable
neighborhoods where people of all incomes–
especially transit riders–can and will want to
live, and current residents will not be displaced.
6. To build communities that build transit ridership…
We need sharper community development tools focused on promoting
construction of housing – especially affordable housing –near transit
7. 87% of bus riders are
people of color with a
median income of $14,876
92% of rail riders are
people of color with a
median income of $19,374
72% of the population of LA
County is people of color;
the median income in LA
County is about $56,000
Where can transit riders afford to live when they
make far less than the median income?
8. We have an idea!
Transit Oriented Development +
Tax Increment Financing Districts
9. Revitalize communities near transit stations and along transit-rich
boulevards;
Enhance transit ridership & reduce air pollution & GHG emissions;
Facilitate development of much needed middle-, moderate- & low-
income housing near transit stations & along boulevards served by
frequent transit;
Provide opportunities for permanent supportive housing near transit for
people who are homeless;
Reduce displacement of current residents near transit system
improvements.
A TOD-TIF could…
10. Properties within 1/2 mile of a rail transit station,
including regional commuter rail and/or
Properties adjacent to boulevards (and perhaps
deeper) with BRT or high-frequency bus service.
Create TOD-TIF districts
to capture the full increment of property tax
and sales tax increase from:
11. Half could be used for housing affordable to & occupied by households making
less than 60% of AMI;
And half for permanent supportive housing to help people who are homeless
get off the street and/or for households making less than 30% of AMI;
The city could provide a significant local funding match;
First priority for occupancy is households displaced from the district through no
fault of their own; and
Second priority is for those employed within 2 miles of the district.
A Sharper Tool for Affordable Housing
At least 40% of the tax increment could be used to develop affordable multifamily housing,
and for predevelopment costs & the operation of that housing, and:
12. Rail stations and/or bus stop improvements
Urban greening and other livability improvements
Publicly funded decoupled or detached parking in lieu of on-site parking
First-last-mile access and other bike/pedestrian/transit rider improvements
Especially improvements that make it easier for older adults and people
with disabilities to get to transit.
A Sharper Tool for
Attracting Community Development
The remaining tax increment should be available for
investments in the district including:
13. There are no more than 70 units, and at least 20% are
deed-restricted affordable;
Pedestrian-oriented commercial uses occupy at least 50
of the ground floor;
There is no demolition of existing multifamily units and
current residents are not displaced.
And to facilitate these districts
we propose a categorical CEQA exemption
for mixed-use projects if:
14. What do you think?
We really want your applause or critique!
Give us your feedback using
available comment cards
Editor's Notes
Headline: Where can transit riders afford to live?
