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Over 90% of the proposed housing is two-, three-, and four-bedroom units, addressing the need for family-sized affordable homes in Federal Way.
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$10.5 million has been allocated to help communities increase and improve affordable housing near public transit systems by the Biden-Harris Administration.
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The site will support new housing, retail, and business opportunities and provide easy access to transit to get to jobs, schools, and activities around the region.
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The project is a multi-phased initiative that will consist of mixed-use development and public infrastructure improvements to the Hoboken Bus Terminal, Ferry Terminal Building, and the area surrounding the rail station.
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This legislation represents one of the most significant changes to land use and zoning policy that has ever been seen in the province, but "it won’t succeed unless the three levels of government work together to deliver better transit in this region."
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The plan will enhance access to new affordable housing developments throughout the region and better serve existing communities where transit ridership is already overcrowded.
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The FTA is encouraging TOD in areas where communities are trying to preserve, protect, and increase the supply of affordable housing.
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The funding will support local planning and investment near transit hubs to promote sustainable, livable, and equitable communities.
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The study is the result of a year-long regional geographic information system (GIS) case study of the San Francisco Bay Area analyzing vertiport site suitability across five counties.
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Transit authorities throughout the country are quickly becoming big-time developers…and in more ways than one might have ever thought possible.
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