Laserfiche WebLink
Transit-OrientedDevelopmentPolicy <br />Adopted June 9, 2016 | Amended April 23, 2020 <br />E.Invest Equitably <br />1.Increase scale of development at and near BART stations through catalytic investments in TOD, to help address <br />the regional shortfall in meeting housing and other sustainable growth needs. <br />2.Implement BART’s adopted Affordable Housing Policy and aim for a District-wide target of 35 percent of all <br />units to be affordable, with a priority to very low (<50% AMI), low (51-80% AMI) and/or transit-dependent <br />populations. To aid in achieving BART’s 35% affordability goal, provide up to a 60 percent discount in ground <br />lease for projects with at least 35% affordable housing (30% for projects with a high rise). Establish a framework <br />for varying the eligible project discount based on the depth of affordability of the deed-restricted housing units, <br />the demonstrated need for discounted ground rent, and efforts to benefit BART in other ways. <br />3.Pursue state, regional, and philanthropic partnerships that alleviate and prevent homelessness through <br />production of affordable housing. BART’s property will be offered at a greater discount if matched with <br />regional-scale, external funding commitments for housing and homelessness. <br />4.Ensure the 4-Year Work Plan addresses how BART will achieve its affordable housing goals. <br />Page 10 of 21 <br />Docusign Envelope ID: 094A4C1A-13D7-44EA-BE42-B0F1E0142890Docusign Envelope ID: 663B3163-E73A-4E80-A759-F92FA9FC8D9D