Using Value Capture to Promote Affordable Housing Near Transit
TERI Administrator Note (Feb 2009) - Relevant Research:
Financing Transportation Through the Capture of Land Value Gains: Practical Integration and Stakeholder Involvement, Center for Transportation Studies, University of Minnesota (Scheduled to finish Sept 2009)
Can a tax on land values to finance transportation infrastructure be
used to help facilitate the development of affordable housing near transit?
Review data from jurisdictions that have implemented a land tax or
split-rate property tax to determine whether this tax approach facilitates
the development and/or maintenance of affordable housing near transit
facilities and services.
Placing affordable housing near bus and rail transit is perhaps the
most effective way to reduce VMT and vehicle trips -- thereby reducing
traffic congestion, air pollution and deaths and injuries associated with
Rick Rybeck, District Department of Transportation
November 22, 2006
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