TOD in L.A.'s Low-Income Communities Gets $100 Million Boost

With L.A.'s transit system expanding its footprint and growing its ridership, $100 million in development capital from a national philanthropic organization will help fund projects around stations in the city's underserved communities.

"The Local Initiatives Support Corporation (LISC), a national philanthropic organization that provides monetary support for the shoring up of distressed communities, has pledged $100 million in capital to lead an effort to develop 15 low-income neighborhoods in the City of Los Angeles," reports Elizabeth Fazzare. 

"The monetary initiative by LISC will continue development beyond transit, expanding affordable housing, schools, businesses, and community facilities, and will complete market assessments of each neighborhood to strategize locale-specific investment."

Full Story: LOS ANGELES RECEIVES $100M FOR AFFORDABLE TRANSIT ORIENTED DEVELOPMENT

Comments

Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

New! 4th Edition of the Planetizen Guide to Graduate Urban Planning Programs just released.
Starting at $24.95

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $209

Stay thirsty, urbanists

These sturdy water bottles are eco-friendly and perfect for urbanists on the go.
$19.00
Book cover of Unsprawl

Unsprawl: Remixing Spaces as Places

Explore visionary, controversial and ultimately successful strategies for building people-centered places.
Starting at $12.95