Bay Area TOAH Fund Recognized by EPA for Smart Growth Achievement

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The Bay Area Transit-Oriented Affordable Housing Fund (TOAH Fund) is among seven projects from across the country to be recognized by the U.S. Environmental Protection Agency (EPA) for the 2012 National Award for Smart Growth Achievement. The TOAH Fund received an honorable mention in the Programs and Policies category for its innovative approach to financing the development of affordable housing and community services near public transportation throughout the Bay Area. The $50 million fund is a public-private partnership that was established with an initial investment from the Bay Area-based Metropolitan Transportation Commission, which was leveraged with private-sector capital from banks, foundations and nonprofits. LIIF is the fund manager and one of the six originating CDFI lenders for the TOAH Fund. provides financing for the development of affordable and supportive housing and other community services near transit lines throughout the nine-county Bay Area. Created in 2002, the EPA’s National Award for Smart Growth Achievement recognizes exceptional approaches to development that protect the environment, encourage economic vitality and enhance quality of life.

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Source: U.S. Environmental Protection Agency