Title:
Utilizing Transit Oriented Development Funds to Finance Affordable Housing Near Transit Corridors

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dc.contributor.author Howard, Jordan
dc.contributor.corporatename Georgia Institute of Technology. School of City and Regional Planning
dc.contributor.corporatename Georgia Institute of Technology. School of City and Regional Planning
dc.date.accessioned 2017-08-17T18:27:51Z
dc.date.available 2017-08-17T18:27:51Z
dc.date.issued 2017-05
dc.description.abstract Market forces will ultimately dictate the costs of housing near transit stations. The overriding policy question then becomes how stakeholders can deliver affordable housing options to low and moderate-income families who need it the most. This paper will argue in Page | 3 favor of equitable development around public transit stations known as Transit Oriented Development. This purpose of this paper is to strongly argue in favor of the establishment of the financing mechanism known as Transit Oriented Development Funds, or ﾓTOD Funds.ﾔ The funds are a path forward as cities and regions seek to address concerns about affordability and equitability, particularly as they relate to transit corridors. Programs in Denver, CO, Seattle, WA, and the Bay Area in Northern California will be evaluated as to their effectiveness. In addition, there will be a focus on what is permissible within the legal framework of the state of Georgia as the City of Atlanta and the Metro Atlanta Rapid Transit Authority (MARTA) attempt their own Transit Oriented Development program. Finally, other popular affordable housing programs such as the Low Income Housing Tax Credit (LIHTC) and New Market Tax Credits will be considered and contrasted with TOD Funds. Some of the criteria considered when evaluating a particular city/regionﾒs programs will be based on: 1) Profitability -- Do these areaﾒs programs allow the developers to not only cover costs, but also make money? 2) Regulatory -- Do these programs allow developers enough leeway to make the projects happen? 3) Zoning -- Is the surrounding zoning conducive to the program's success? Is rezoning an option that can occur in an expedited manner? 4) Government Support -- Is local, state, or federal support necessary for the programﾒs success? 5) Legality -- Is the program broad enough to be easily applied to other cities, counties, and states?
dc.identifier.uri http://hdl.handle.net/1853/58527
dc.language.iso en_US
dc.publisher Georgia Institute of Technology
dc.publisher Georgia Institute of Technology
dc.subject Affordable housing
dc.subject Transit stations
dc.title Utilizing Transit Oriented Development Funds to Finance Affordable Housing Near Transit Corridors
dc.type Text
dc.type.genre Masters Project
dc.type.genre Applied Research Paper
dspace.entity.type Publication
local.contributor.corporatename College of Design
local.contributor.corporatename School of City and Regional Planning
local.relation.ispartofseries Master's Projects
local.relation.ispartofseries Master of City and Regional Planning
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relation.isOrgUnitOfPublication 2757446f-5a41-41df-a4ef-166288786ed3
relation.isSeriesOfPublication 09b1c264-93da-4a60-8e57-4eecff715bc6
relation.isSeriesOfPublication 48f8ffb1-1ac9-4072-ba90-f780501f1d65
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