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Transit-Oriented Development Policy EXHIBIT 2 <br /> Adopted June 9, 2016 I Amended April 23, 2020 <br /> VISION <br /> The San Francisco Bay Area Rapid Transit District(BART) is a steward of a large scale public investment. <br /> This includes real estate assets essential to BART's transit operations, and real estate assets that can be <br /> used to catalyze transit-oriented development in furtherance of BART's purpose and goals. BART <br /> leverages these opportunities by working in partnership with the communities it serves in order to <br /> implement the regional land use vision and achieve local and regional economic development goals. <br /> Strengthening the connections between people, places, and services enhances BART's value as a regional <br /> resource. <br /> GOALS <br /> A. Complete Communities. Partner to ensure BART contributes to neighborhood/district vitality, creating <br /> places offering a mix of uses and incomes. <br /> B. Sustainable Communities Strategy. Lead in the delivery of the region's land use and transportation vision <br /> to achieve quality of life.economic,and greenhouse gas reduction goals. <br /> C. Ridership. Increase BART ridership, particularly in locations and times when the system has capacity to <br /> grow. <br /> D. Value Creation and Value Capture. Enhance the stability of BART's financial base by capturing the <br /> value of transit.and reinvesting in the program to maximize TOD goals. <br /> E. Transportation Choice. Leverage land use and urban design to encourage non-auto transportation choices <br /> both on and off BART property, through enhanced walkability and bikeability, and seamless transit <br /> connectivity. <br /> F. Affordability. Serve households of all income levels by linking housing affordability with access to <br /> opportunity. <br /> STRATEGIES <br /> A. Manage Resources Strategically to Support Transit-Oriented Development <br /> I. Develop a 4-Year Work Plan to assess how staff and financial activities toward TOD will be most fruitful. <br /> Identify BART staffing priorities and assignments to promote TOD on and around District property, including <br /> contributions to efforts such as planning and development, community engagement, funding and financing <br /> strategies. <br /> 2. Favor long-term ground leases of no more than 66 years,rather than sale of property,as the standard disposition <br /> strategy for joint development projects, except in cases where alternative approaches are required to achieve <br /> specific development objectives(e.g.,Low Income Housing Tax Credit-funded affordable housing, requiring a <br /> ground lease term of no less than 75 years), or where other strategies would generate greater financial return to <br /> the District. <br /> 3. Solicit proposals for transit-oriented development in localities that have an adopted plan allowing for transit- <br /> supportive land uses as defined in the TOD Guidelines. Utilize a competitive selection process but ensure the <br /> solicitation process considers property assembly with adjacent land owners for optimal TOD. <br /> Page 8 of 21 <br />