Transit-Oriented Development Housing Program (TOD)

Purpose

To increase public transit ridership by funding higher density affordable housing developments within one-quarter mile of transit stations and infrastructure improvements necessary for the development of specified housing developments.

Assistance Type and Terms

Under the program, low-interest loans are available as gap financing for rental housing developments near transit that include affordable units. In addition, grants are available to Localities and transit agencies for infrastructure improvements necessary for the development of specified housing developments, or to facilitate connections between these developments and the transit station.

The maximum Program Rental Housing Development Loan amount awarded for a single Housing Development or to a single Applicant, including any affiliates of such Applicant, is $10 million.  The maximum Program Infrastructure Project Grant awarded to a Locality or transit agency Applicant is $5 million. The total maximum award amount for a single Project is $15 million.

Eligible Activities

To be eligible for funding, a Project must consist of either, or both:

1. A Rental Housing Development Project; and/or
2. An Infrastructure Project necessary for the development of specified Housing Developments, or to facilitate connections between these Developments and the Transit Station.

Refer to TOD Guidelines for complete description of eligible activities.

Eligible Applicants

Eligible Applicants shall be one of the following:

1. Developers for Rental Housing Development Projects,
2. Localities (cities and counties) and transit agencies for Infrastructure Projects.

Guidelines

• New! Round 4 Draft Guidelines (PDF)
• New! Round 4 Draft Guidelines with Track Changes (PDF)
• New! Summary of Program Updates (PDF)

Webinar Dates and Locations

March 19, 2020
Transit-Oriented Development Housing Program (TOD) Draft Guidelines Webinar
Webinar:
1:00 p.m. – 5:00 p.m.
Register

March 24, 2020
Transit-Oriented Development Housing Program (TOD) Draft Guidelines Webinar
Webinar:
1:00 p.m. – 5:00 p.m.
Register

Get Funding

Applications are invited through the issuance of Notices of Funding Availability (NOFAs).

Current NOFAs

The next TOD Program NOFA is anticipated in late April, 2020. Please be sure you are subscribed to the TOD emailing list to receive notifications and announcements.

Reporting Requirements (Asset Management and Compliance)

Upon completed construction of your project and closing of your HCD permanent loan, oversight of your project and loan is transferred to HCD’s “Asset Management and Compliance (AMC)” section.

Visit Asset Management and Compliance to find:

• Your reporting requirements
• Forms
• Additional resources
• Who to contact if you have questions

Program Forms

Management Memos

At this time, there are no Management Memos for the TOD Program on the website.

Training and Technical Assistance

At this time, there are no TOD Training and Technical resources on the website.