capture value: overview » introduction |
Click on the links below to learn more about steps that state and local governments can take to capture a portion of the value of market-rate development to support affordable housing near transit: Adopt an inclusionary housing policy Many communities use inclusionary housing policies to create mixed-income developments and neighborhoods near transit and other amenities. Create tax-increment financing districts TIF districts around new and redeveloping transit stations can help to cover the cost of necessary infrastructure and may include affordable housing set-asides. Assess linkage feeson non-residential development Linkage fees help to ensure that the supply of new affordable keeps up with job growth and economic development. |