Transit Oriented Development Housing Program (TOD)

 

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Purpose

Under the program, low-interest loans are available as gap financing for rental housing developments that include affordable units, and as mortgage assistance for homeownership developments. In addition, grants are available to cities, counties, 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.

Important Updates

TOD Program Disbursement Extension:

Assistance Type and Terms

Maximum loan and grant, or combination of the two, for a single housing development or for a single housing developer applicant, including any affiliates of such applicant, is limited to $17 million per funding round.  The total maximum amount of Program assistance for applications based on a single Qualifying Transit Station and all awards of Program funds over the life of the Program is $50 million.

Eligible Activities

Loans for the development and construction of housing development projects within one-quarter mile of a transit station. Grants for the provision of infrastructure necessary for the development of higher density uses within one-quarter mile of a transit station.  Refer to TOD Guidelines for complete description of eligible activities.

Eligible Applicants

Cities, counties, transit agencies, and developers.

Guidelines

Get Funding

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

Current NOFAs

The TOD Program does not have a current NOFA. 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 is you have questions

Program Forms

Management Memos

There are currently no management memos for the TOD Program on the website at this time.

Training and Technical Assistance

There are currently no TOD Training and Technical resources on the website at this time.