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Transformation Alliance

Sponsor Eligibility For-profit or not-for-profit housing developers Substantial prior experience and a demonstrated track record of successfully owning and operating multifamily properties. Minimum of $1 million in liquidity and $5 million in net worth. Types of Projects Funded Existing multifamily residential rental projects with 100 or more units, a minimum current occupancy rate of 80% […]

Sponsor Eligibility Nonprofit and mission-driven for-profit affordable and mixed-income housing developers, with a focus on projects that serve neighborhoods highly impacted the foreclosure crisis. Types of Projects Funded Acquisition/rehab and construction financing for affordable single-family projects as well as bridge and construction financing for high-mission affordable multi-family projects. Funds Available Per Project Dependent on project […]

Sponsor Eligibility Fannie Mae?s DUS? underwriting requirements. Borrowers must have sufficient assets, liquidity and experience to support the mortgage loan and perform sponsorship responsibilities, as determined by underwriting. Types of Projects Funded ?Provides funding for the refinance, preservation and energy efficient retrofits of older affordable multifamily housing properties. Property must be at least 10 years […]

Sponsor Eligibility Agency must have had 501(c)(3) non-profit status at least 2 full years or have 2 full years of operating experience under another non-profit entity that meets this criteria. A minimum of 15% of HOME funding must be set aside for capital projects carried out by Community Housing Development Corporations (CHDOs). Types of Projects […]

Sponsor Eligibility 15% of HOME funds Set-Aside of HOME funds for CHDO’s as owner, developer, sponsor with 10% available for soft costs. Types of Projects Funded May finance, in part, the acquisition, construction, or renovation of multifamily housing for low and moderate income families. Second mortgage loans (gap financing) Projects must be in the City […]

Sponsor Eligibility Dependent on project and product selected. – Nonprofit organizations – Limited partnerships and single asset entities with nonprofit sponsors – Mission aligned for profit entities Types of Projects Funded Predevelopment, Bridge Financing, Construction Financing, Acquisition, Permanent Financing(CDFI Bond Guarantee Program). Affordability Requirements Only on the CDFI Bond Guarantee Program (affordable at or below […]

As communities relax height, density, and other zoning restrictions to meet rising demand for urban living, a growing number of locali-ties are adopting policies that link ?upzoning? with the inclusion of affordable housing.

After decades of disinvestment, American cities are rebounding, but new development is driving up housing costs and displacing lower-income res-idents. Roughly 500 communities in the United States have developed in-clusionary housing policies, which require developers of new market-rate real estate to provide affordable housing.

Inclusionary housing is a tool used by local jurisdictions throughout the country to increase the amount of affordable or workforce housing. Inclusionary housing programs (sometimes called inclusionary zoning) create a framework within which developers of market rate housing are either required or encouraged to develop some housing that is affordable to households that otherwise would not be able to afford to rent or purchase the housing being developed.

Why Support this Investment in Affordable Housing Near Transit? This bill provides a local option, to use local funds to fill a local need. The King County Council supports this legislation and will be responsible for exercising this option.

Traditional measures of housing affordability ignore transportation costs. Typically a household?s second-largest expenditure, transportation costs are largely a function of the characteristics of the neighborhood in which a household chooses to live. Location Matters. Compact and dynamic neighborhoods with walkable streets and high access to jobs, transit, and a wide variety of businesses are more efficient, affordable, and sustainable.

During 2012, the Teaming Up Atlanta initiative brought together community development financial institutions (CDFIs) serving the Atlanta area. The purpose of the initiative was to build a team that fostered collaboration among organizations, leveraged assets and strengths in the metropolitan area, and shared best practices to boost the level of community development investment activity in Atlanta?s neighborhoods.

It should be possible for working parents to afford housing and still have enough money for the basics like groceries, gas, and childcare.

The policy focus report series is published by the Lincoln Institute of Land Policy to address timely public policy issues relating to land use, land markets, and property taxation. Each report is designed to bridge the gap between theory and practice by combining research findings, case studies, and contributions from scholars in a variety of academic disciplines, and from professional practitioners, local officials, and citizens in diverse communities.

More than ever, transportation agencies need the engagement and support of local communities. Whether projects as basic as the redesign of an intersection or as complex as the construction of a new light rail line, meaningfully engaging the public so they have a say over the project ultimately makes the project more successful.

The TOD Fund is used to create and preserve affordable homes along current and future transit corridors in Denver.

A series of recommendations to implement Mixed Income Transit Oriented Development around the Atlanta Beltline.

Presents the opportunities for additional Transit Oriented Development (TOD) in an around the existing network of 37 MARTA heavy rail stations in the Atlanta region.

An Equitable TOD strategy should align with demand by income quintiles existing in a given market area.

The Bay Area Transit Oriented Affordable Housing Fund (TOAH Fund or Fund) is a $50 million public-private financing resource that provides up-front funding for the development of affordable housing and other community services near transit lines.