The Atlanta region is embracing the idea of transit-oriented developments (TOD), which typically include a pedestrian-friendly mix of housing, office and retail or other amenities build around transit stops, such as a MARTA rail station. Successful TODs can increase transit ridership, reduce household driving, and improve access to jobs for low-income residents and working families.
An effort is underway to ensure that TOD projects are developed in an equitable fashion that address the needs of the entire community. The goal is to foster mixed-income communities that offer affordable housing options and access to jobs and other amenities, such as fresh, healthy food, for residents of all income levels.
To promote equitable TOD in the Atlanta region, a group of government agencies, businesses and nonprofit groups, including MARTA, ARC and Enterprise Community Partners, came together to create the TransFormation Alliance, with funding provided by the Ford Foundation. Equitable TOD seeks to achieve:
- Increases in property values without displacing the residents who would most benefit from the increase
- Greater economic opportunity by creating easier access for low and moderate income households
- A balance between return on investment for private investors and equity goals