Denver Transit Oriented Development FundTransit oriented development (TOD) focuses compact, mixed-use development around transit nodes to maximize access to public transport. TOD’s can be effective mechanisms for incorporating affordable housing. According to the Center for Transit Oriented Development, “Development of housing adjacent to transit presents opportunities to meaningfully address the nation’s continued need for affordable housing.”

The Urban Land Conservancy (ULC), Enterprise Community Partners, the City and County of Denver, and several other investors partnered to establish the first affordable housing Transit Oriented Development (TOD) acquisition fund in the US. The purpose of the Denver TOD Fund is to support the creation and preservation of over 1,000 affordable housing units through strategic property acquisition in current and future transit corridors. The fund has $24 million in total loan capital that will leverage over $500 million in economic development activity. (Urban Land Conservancy, 2015)

 

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