Transit-oriented development (TOD) is the convergence of mixed-use development (e.g. housing, office, retail, commercial) within walkable distances (¼ to ½ mile) of quality public transit. Equitable transit-oriented development (eTOD) draws upon the transportation and densification benefits of TOD, while also requiring stakeholders to consider housing affordability, environment, and economic opportunity as development drivers.Successive Chicago City Council ordinances in 2013 and 2015 have encouraged transit-oriented development. Zoning amendments include off-street parking, floor area ratio (FAR), minimum lot area, building height, and expansion of affordability requirements. Relaxed restrictions on density and minimums on parking encourage more multifamily development in transit-served neighborhoods and incentivize affordability as part of that development.
Communities can maximize their ability to locate affordable housing near transit stops, which gives low- and moderate-income residents access to low-cost transportation, schools, jobs, heath care and recreational amenities. CNT’s new web-based eTOD social impact calculator provides users the opportunity to examine social benefits of eTOD projects in Cook County. This tool can effectively demonstrate financial, social, and environmental benefits and help you with the predevelopment process.
Try out the eTOD calculator now to see the impacts of a housing project.