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Fwd: Promoting Cluster Development Related to Rail Service

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  • J.H. Crawford
    ... J.H. Crawford . Carfree Cities mailbox@carfree.com . http://www.carfree.com
    Message 1 of 1 , Apr 12, 2011
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      Sorry folks, this sat in my inbox for two weeks:

      >Subject: Promoting Cluster Development Related to Rail Service
      >X-ELNK-Trace: 66f327cda72b8c5c370e1ec21969d0ca9ef193a6bfc3dd483390712cee47ff7d1990cd6b32039f6c396bf6a0aafa7dc0350badd9bab72f9c350badd9bab72f9c
      >X-Originating-IP: 76.15.53.17
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      >http://www.progressiverailroading.com/prdailynews/news.asp?id=26125
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      ><http://www.progressiverailroading.com/ prdailynews/news.asp?id=26125default.asp?sentDay=3/24/2011>NEWS LISTINGS<http://www.progressiverailroading.com>SITE HOME
      >Now available on your:
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      >3/24/2011 TOD
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      >Bay Area's MTC kicks in $10 million to transit-oriented housing fund
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      >Yesterday, the <http://www.mtc.ca.gov>Metropolitan Transportation Commission (MTC) committed $10 million to the Bay Area Transit-Oriented Affordable Housing (TOAH) Fund.
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      >The new revolving loan program is designed to assist affordable housing developers in financing land acquisitions near rail and bus lines throughout the San Francisco Bay Area.
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      >Other investors in the fund include Morgan Stanley and Citi Community Capital, each of which provided $12.5 million; the Ford Foundation and Living Cities, a collaborative of foundations and financial institutions, which invested $3 million each; six community development financial institutions, which combined to contribute $8.5 million; and the San Francisco Foundation, which provided $500,000 in addition to 2007 seed money, MTC officials said in a prepared statement.
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      >Developers can use the TOAH Fund to help finance the acquisition of at least 20 to 30 acres around the region, which will support development of 1,100 to 3,800 units of affordable housing, according to MTC staff estimates.
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      >This information is brought to you by Progressive Railroading magazine.
      ><http://www.progressiverailroading.com/visitorcenter/>Receive Progressive Railroading<http://www.progressiverailroading.com/visitorcenter/> Daily News email.
      ><http://as400.halldata.com/cgi-bin/subscribe/rr?pk=PRRCOM>Receive Progressive Railroading<http://as400.halldata.com/cgi-bin/subscribe/rr?pk=PRRCOM> magazine.
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      >If you do not wish to be contacted via email with new information on Progressive Railroading Daily News in the future, please <http://www.progressiverailroading.com/prdailynews/dailysignoff.html>visit this link.
      >
      >Distributed by Trade Press Publishing Corp. | 2100 W Florist Ave. | Milwaukee, WI 53209



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      J.H. Crawford . Carfree Cities
      mailbox@... . http://www.carfree.com
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