Policy Briefing: New Paths to Housing and Transportation Affordability in Transit Served Communities
Panelist: Stuart Cohen
The Community Development Department at the Federal Reserve Bank of San Francisco hosted a policy briefing and engaging discussion on promoting housing and transportation affordability. Panelists illustrated challenges in developing affordable transit-oriented housing developments, including requirements for excessive parking, community opposition, and financing hurdles. They then discussed solutions that are reducing costs for developers and residents alike, such as providing free transit passes and carsharing to dramatically reduce demands for excess parking, as well as new financing mechanisms being pioneered in the Bay Area.