TOAH Gets EPA Honorable Mention

Earlier this month, the Bay Area Transit-Oriented Affordable Housing Fund (TOAH) was an honorable mention recipient of the 2012 National Award for Smart Growth Achievement in the category of Programs and Policies. We are especially excited about this because SE had a major role in making the TOAH possible. Back in 2009, working with our CTOD  partner Reconnecting America, Strategic Economics made the case for why a property acquisition fund should be established in the Bay Area and provided the Great Communities Collaborative with initial ideas on fund organization.  The Bay Area MTC then committed ten million dollars in grant funds to the creation of acquisition loan fund and in the spring of 2011, TOAH began making loans.

To date, the fund has provided loans for a 153-unit high-rise for low-income families located in the Tenderloin neighborhood of San Francisco that is two blocks from a major BART rail station, and for a 64-unit building for seniors citizens of San Jose that is close to a VTA light rail station that has plans to provide free transit passes for all residents.

You can read the full EPA honor article here, and check out the units that TOAH has funded here.

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