Los Angeles Receives $100M for Affordable Transit Oriented Development

City Terrain, West
Thursday, October 31, 2013
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Los Angeles Light Rail (Courtesy Margaret Napier / Flickr)

Los Angeles Light Rail (Courtesy Margaret Napier / Flickr)

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. Under the city’s Measure R, plans for expansion of light rail and rapid bus lines within these communities are currently underway. 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.

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