New Financing Tool for TODs

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The Regional Equitable Development Initiative Fund (REDI), funded in part by LIIF, is a $21 million revolving loan fund that supports affordable housing options located near public transit in metro Seattle, where low-cost apartments are increasingly hard to find.

“It is imperative in our view that households across the income spectrum live near frequent transit, where they have access to jobs, services and healthy community amenities. We are confident that such equitable community hubs have the simultaneous benefit of reducing greenhouse gases and inequitable health and wellbeing outcomes,” said King County Executive and Sound Transit Board Chair Dow Constantine

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