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4/27/2020



Rail News: Rail Industry Trends

BART amends TOD policy to address California housing crisis


BART's new policy allows for a land discount of up to 60 percent for projects with affordable housing.
Photo – BART Facebook

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Bay Area Rapid Transit’s (BART) board last week amended the agency’s transit-oriented development (TOD) policy to support affordable housing. 

The policy amendments allow for a land discount of up to 60 percent from fair market value for projects on BART property with affordable housing. 

Projects with a greater share of affordable housing, and serving households with lower incomes, will be eligible for a higher discount, BART officials said in a press release.

The amendment also provides greater clarity about the expected financial return to BART from its developments, officials said.



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