TOD, an answer for affordable housing?Transit-Oriented Development (TOD) is a type of urban development that maximizes the amount of residential, business, and leisure space within walking distance of public transport. In Washington State, TOD is seen as a key solution to the state's massive housing shortage.
Recent bills introduced into the Washington State legislature would limit a city or county’s ability to enact or enforce new development regulations within certain transit hub parameters. They would also require a certain percentage of new units be set aside as affordable housing. Counties and cities would also face additional restrictions on parking requirements. As for affordable housing, TOD can indeed contribute to it. However, it's important to note that while TOD can drive up property prices and accelerate gentrification, this can be offset by allocating a significant portion of the new development to affordable housing. When low-income households are priced out of TOD areas, the cost savings of living in a more affordable area can be offset by higher transportation expenses associated with automobile dependency. Therefore, the inclusion of affordable housing in TOD is crucial to ensure that the benefits of such developments are accessible to residents of all income levels. The most recent bill before the Washinton State legislature (E2SHB 2160) is currently in the Senate Ways & Means Committee waiting for a chance at the Senate floor. There is only about a week for the bill to proceed.
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