Puget Sound Regional Council

Oversees the feasibility for creating a fund for acquiring TOD sites for affordable housing. Solicits input from stakeholders into types and terms of loan products that would encourage mixed-income communities in transit station areas. Assists in finding investors for the fund. Coordinates process for selecting a fund manager.

Current Status

The Regional TOD Fund Subcommittee held its last meeting in late 2013. In January 2014, the PSRC Executive Board created a Regional TOD Fund Working Group. The Working Group was charged with several specific tasks, as follows:
• Articulate desired/required characteristics/guiding principles for a TOD Fund
• Review and comment on/endorse the preliminary Business Plan Framework.
• Consider options for public funding, to include federal, state, local, and regional sources
• Report on the prospects for funding from agencies in these sectors, implications of different public funding scenarios, pros and cons
• Update picture on outreach to private funders
• Recommend tangible steps region should take to establish the TOD Fund

The Working Group was asked to report back to the Executive Board with its findings and recommendations.

Contact:
Michael Hubner, 206-971-3289
Mary Pat Lawlor, 206-971-3272

Past Meeting Materials and Presentations

Puget Sound Regional Council • 1011 Western Ave, Suite 500 • Seattle, WA 98104 • 206-464-7090