Description
A Transit Oriented Development (TOD) bond fund was set up by the County Executive following the Sound Transit 3 ballot measure passed in 2016 and is backed by revenue generated from lodging taxes. The current TOD bond authority does not match requested funding needs resulting in many TOD projects not getting funded each year. King County will work to identify additional revenue sources for King County's TOD Bond funding to facilitate increased production of affordable housing units near transit service and maximize the connection between transit investments and housing growth. King County Metro will advocate for support needed for TOD and to align with long-range plans. King County Department of Community and Human Services (DCHS) will manage any future funds.