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['Barriers to TOI.) and Regional Funding Needs <br /> BUILDING ON THE TLC PROGRAM <br /> The TLC Program has achieved tangible transportation improvements that support regional <br /> livability in the Bay Area and advanced MTC's policies encouraging land use intensification <br /> near transit, At the same time there are continuing regional imperatives that will be well <br /> served by expanding the pace and scale of infill and transit - oriented development (TOD), <br /> including: <br /> > response to changing demographics (see Table 2); <br /> > provision affordable and accessible housing (see Table 3); <br /> ■ reduction of greenhouse gas emissions (see Figure 1); and <br /> > enhancement of Priority Development Areas in the FOCUS program (see Figure 2) <br /> The potential demand for housing near transit is projected to nearly double by 2030, based <br /> on the underlying demographics of the Bay Area. The demographic groups fueling this <br /> demand are older and younger households that are often smaller than average, and non- <br /> white and recent immigrant households —all groups that have all chosen to locate near <br /> transit in the past. This estimate is based purely on the demographic trends, and does not <br /> account for changing consumer preferences or other market forces. <br /> Table 2: Demo jraphic Trends h the Bay Area <br /> Year Households TOO House .1. (1) % •r •I•sinTOD <br /> 2000 2,466,020 ( 409,497 ( 16.6% <br /> 2030 3,177,440 (3) 832,418 (4) 26.2% <br /> Change +29% +103% +58% <br /> Notes: (1) TOD Households refers to households living within 1/2 -mile of rail stations. <br /> (2) 2000 US Census and Center for TOD <br /> (3)ABAG Projections 2007 <br /> (4) Center hr TOD (2006) demand projection based on demographic trends and regional profile from 2000 US Census <br /> Table 3: Projected TOD 'Demand by Income <br /> Year Less Than $20,00 - $50,100 - $75,000 and Total <br /> ' $20,000 $49,999 $74999 greater <br /> 2000 j1 84,139 115 456 - 75 366 134,402 409 363 <br /> 2030 (2) _ 181,288 _ 240 841 149,611_ 260,680 832 418 _ - <br /> Change +115% +109% +99% +94% +103% <br /> Notes: (1) 2000 US Census and Center for CTOD <br /> (2) Center for TOD (2006) demand projection for housing within 1/2 -mile of rail stations based on demographic trend <br /> and regional profile from 2000 US Census. <br /> 8 FINANCING TRANSIT -ORI -N TED DEJELOPIJENT IN THE SAN FRANCISCO I3AY AREA <br />