Details

Title	Preserving and Promoting Diverse Transit-Oriented Neighborhoods
Highlights	There is implicit recognition that state and local governments often lack the funding necessary to maintain affordable housing near public transit.   This report suggests the uses of tax increment financing and housing trusts to create affordable housing near public transit.                       There is implicit recognition that zoning restrictions can limit the development of affordable housing.   This report recommends adopting incentive-based zoning, density bonuses, and flexible development standards to promote affordable housing development in transit zones.
Description	This report examines the need for a broad range of affordable housing options to create and preserve economic diversity in transit zones. To achieve this diversity, the report recommends promoting higher-density, mixed-income housing developments near transit facilities by adopting favorable transportation policies and planning tools, such as incentive-based zoning, density bonuses, and flexible development standards. Other planning and financing tools listed in the report include restrictions on condominium conversions, transit overlay districts, low-income tax credits, and tax increment financing
Publication Date	2006
Organization	Center for Transit Oriented Development
Web Location	http://www.cnt.org/repository/diverseTOD_FullReport.pdf

Notice: The contents of this record reflect the views of the author and/or promulgating municipality, and should not be construed as representing the views or policies of the U.S. Department of Housing and Urban Development or U.S. HUD's Office of Policy Development and Research. No attempt has been made by U.S. HUD or its contractors to verify the accuracy, currency, or validity of the record contents presented herein.