NEW STUDY: AFFORDABLE TOD CAN SPUR ECONOMIC GROWTH

A new study by Morgan Stanley and the national nonprofit Low Income Investment Fund finds that integrating transit, jobs and affordable housing reduces unemployment and fosters thriving communities. Jobs in almost all sectors have increasingly moved away from city centers and mass transit. Says LIIF CEO Nancy Andrews, "Moving people to jobs is easier and more efficient than moving jobs to people."

The paper highlights a recent equitable transit-oriented development effort in San Francisco, where LIIF and Morgan Stanley, along with other public and private investors, helped provide loans for affordable housing near public transportation in the city’s low-income Tenderloin district.  The authors note that an increasing number of metropolitan areas around the country (Portland, Seattle, Boston, Baltimore, Charlotte and Atlanta) are currently working to integrate transportation systems and community planning.
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