Presentation from Partners in Innovation Policy Forum in Denver, CO on September 28, 2010.

1. Preserving
Affordable
Housing Near
Transit
Case Studies from Atlanta, Denver,
Seattle and Washington, D.C.
Sept. 27, 2010

2. Preserving Affordable Housing Near Transit
 Collaboration with NHT and Reconnecting America
 Studied TOD in Atlanta, Denver, Seattle and
Washington, D.C.
 Identified 12 properties that successfully accessed
new capital/funds to preserve affordable housing in
planned TOD projects
 Download a copy of the report:
www.greencommunitiesonline.org/TOD
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3. Key Findings From the Report
 Leveraging new sources of capital subsidy,
local zoning incentives and pooled financing
 Seeking flexible acquisition financing to hold
properties until financing is available
 Securing unsubsidized rental housing near
planned transit
 Engaging in collaboration with housing, transit
and planning agencies
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4. TOD Opportunities in Atlanta
 MARTA guidelines
 Housing Opportunity
Bond program
 Beltline Affordable
Housing Trust
 Tax credits
 Land Banking Authority
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5. TOD Opportunities in Denver
 TOD acquisition fund
 $19 million in NSP2
funds
 Affordable Housing
Policy to govern land
disposition and joint
development
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6. TOD Opportunities in Seattle
 $145 million housing
levy
 Rainier Valley
Community
Development Fund
 Incentive zoning
programs
 Washington Works
program
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7. TOD Opportunities in Washington, D.C.
 Housing Production
Trust Fund
 Bridge lending resources
 Tenant Opportunity to
Purchase Act
 Tax-exempt bond
financing with 4% LIHTC
 Greater Washington 2050
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8. Preservation Strategies in Atlanta
Property:
 Wheat Street Gardens
Strategies:
 Targeting at-risk
properties near transit
 Targeting physically
distressed properties
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9. Preservation Strategies in Denver
Property:
 Jody Apartments
Strategies:
 Acquisition of
land/buildings prior to
price appreciation
 Land banking
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10. Preservation Strategies in Seattle
Property:
 Brewster Apartments
Strategies:
 Zoning incentives
 New funding for rehab
 Acquisition & targeting
at-risk properties
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11. Preservation Strategies in Washington, D.C.
Properiy:
 Martin Luther King Jr.
Latino Cooperative
Strategies:
 Tenant laws
 Pooled financing
 Targeting at-risk
properties
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12. Taking on the Challenge in Your Community
 Take an affordable inventory
 Identify acquisition resources
 Asses repositioning resources
 Map out strategic partnerships
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