Fund Aims to Make TODs Affordable
The Regional Equitable Development Initiative (REDI) Fund was created to help finance the acquisition of affordable housing along public transit corridors in the Seattle metro area. Led by Enterprise, and funded in part by LIIF, the REDI Fund is a $21 million revolving loan fund.
“Prosperous regions throughout our country are experiencing displacement of low-income residents, particularly in areas of high opportunity near transit,” said M.A. Leonard, an Enterprise executive.”