Brookings Report Shows Economic Benefits of Transit Oriented Development
What is the significance of the country’s first Transit Oriented Development (TOD) Fund? It is about providing opportunities for Metro Denver’s residents, ULC does that through equitable development.
The Brookings Institute recently released a case study summarizing Denver’s TOD Fund including: background, innovation, accomplishments, challenges and implications for policy.
Not only has this innovative Fund created a pipeline for over 500 new affordable homes for Denver residents, it has allowed ULC to take advantage of the rare opportunity to preserve 2 existing affordable housing developments.
What does the Metro Denver region need to create additional affordable housing options? We must propose enterprise-level funding and align state and local policies and regulation to support collaborative and strategic funding models.
It’s time to get creative Denver, these developments won’t happen unless we work together.
Find the full report here.