The Sound Transit Board announced its adoption of an updated policy to promote equitable development near transit stations and facilities. Under the policy, Sound Transit will work to redevelop surplus property around completed transit projects into housing and other community-oriented improvements.
“Two of the biggest problems facing residents of the Puget Sound region are traffic congestion and the lack of affordable housing,” said Snohomish County Executive and Sound Transit Board Chair Dave Somers. “With this new equitable transit-oriented development (TOD) policy, we will be able to make progress on both of these challenges.”
Specific goals of the updated policy include increasing transit ridership, encouraging development of affordable housing options near transit stations, and encouraging increased, nonmotorized access to the transit system.
“Sound Transit’s investments will not only speed up commutes but turn surplus property into affordable roofs over people’s heads,” said Sound Transit CEO Peter Rogoff. “This policy establishes one of the most forward-leaning TOD programs in the country.”
A minimum of 80 percent of Sound Transit’s surplus property suitable for development will be offered to qualified entities (including local governments, housing authorities, and nonprofit developers) for housing projects. The property will be transferred either at no cost, sale, or long-term lease.
One TOD project that came from Sound Transit surplus property is Senior City in Federal Way, a 62-unit affordable housing project built in 2010 by the Korean Women’s Association.
For more information about the updated TOD policy, visit the Sound Transit website.