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Denver9/28_NHC PII
The document summarizes a study of preserving affordable housing near transit in Atlanta, Denver, Seattle, and Washington D.C. It identifies properties in each city that successfully accessed new funds to preserve affordable housing in planned transit-oriented development projects. Key strategies across cities included leveraging subsidies, zoning incentives, and collaboration between housing and transit agencies. Each city case study highlights specific programs and opportunities for affordable housing preservation near transit.
Denver9/28_NHC PII
- 1. Preserving Affordable HousingNear Transit Case Studies from Atlanta, Denver, Seattle and Washington, D.C. Sept. 27, 2010
- 2. Preserving Affordable HousingNear 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
- 3. Key Findings Fromthe 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
- 4. TOD Opportunities inAtlanta MARTA guidelines Housing Opportunity Bond program Beltline Affordable Housing Trust Tax credits Land Banking Authority
- 5. TOD Opportunities inDenver TOD acquisition fund $19 million in NSP2 funds Affordable Housing Policy to govern land disposition and joint development
- 6. TOD Opportunities inSeattle $145 million housing levy Rainier Valley Community Development Fund Incentive zoning programs Washington Works program
- 7. TOD Opportunities inWashington, D.C. Housing Production Trust Fund Bridge lending resources Tenant Opportunity to Purchase Act Tax-exempt bond financing with 4% LIHTC Greater Washington 2050
- 8. Preservation Strategies inAtlanta Property: Wheat Street Gardens Strategies: Targeting at-risk properties near transit Targeting physically distressed properties
- 9. Preservation Strategies inDenver Property: Jody Apartments Strategies: Acquisition of land/buildings prior to price appreciation Land banking
- 10. Preservation Strategies inSeattle Property: Brewster Apartments Strategies: Zoning incentives New funding for rehab Acquisition & targeting at-risk properties
- 11. Preservation Strategies inWashington, D.C. Properiy: Martin Luther King Jr. Latino Cooperative Strategies: Tenant laws Pooled financing Targeting at-risk properties
- 12. Taking on theChallenge in Your Community Take an affordable inventory Identify acquisition resources Asses repositioning resources Map out strategic partnerships
- 13.