The Source LACMTA blog:
Metro contributes funds to create and preserve affordable housing near transitSeptember 20, 2017
A new affordable housing loan program for Los Angeles County begins this month. It was created with $9 million in seed money approved by the Metro Board of Directors last year and will be called the Metro Affordable Transit Connected Housing (MATCH) program.
The idea is simple: provide loans to ensure that affordable housing is saved and built near high-quality transit — defined as housing within a half-mile of either a rail line or two bus lines with peak hour service every 15 minutes or less.
