Transit-Oriented Development Partnership Goes National
Enterprise Community Partners and the Low Income Investment Fund (LIIF) are expanding efforts to build transit-oriented development (TOD) to a national scale.
The groups announced their partnership at the Rail-Volution conference Oct. 17 in Washington, DC. The effort builds on earlier TOD efforts in Los Angeles and San Francisco, the latter area work resulting in the formation of the Bay Area Transit Oriented Affordable Housing Fund.
Enterprise and LIIF will be joined as partners by the Enterprise Community Loan Fund, which along with LIIF is a Community Development Investment Fund. Enterprise Fund officials say the new partnership will allow for leveraging of collective resources to help build compact, walkable communities near transit systems. LIIF officials say the partnership will fight the burdensome housing and transit costs faced by low-income families the group serves.
As a result of their partnership, Enterprise and LIIF will work with national and local partners on a host of initiatives, including promotion of regional equity collaboratives designed to encourage local stakeholders to hold planning talks toward TOD efforts; to examine financing needs; to share best practices that benefit the community development field; and develop and advocate for public policy promoting equitable TOD.Source: Community Development Digest