MARTA

The aim of the Greater Atlanta Transit-Oriented Affordable Housing Preservation Fund is to incentivize and provide gap funding for owners and landlords of affordable units near MARTA rail stations.

Affordable Housing Fund Boosts MARTA TOD Program

Morgan Stanley and National Equity Fund (NEF) are establishing a $100 million fund to support the long-term preservation of affordable housing within a one-mile radius of Metropolitan Atlanta Rapid Transit Authority (MARTA) rail stations, MARTA reported. It will help boost the agency’s transit-oriented development (TOD) program.

Fitch: Five Transit Agencies on “Rating Watch Negative”

Fitch Ratings has placed the ratings of five large U.S. public transit agencies on “Rating Watch Negative.” Fitch said it “expects widespread and sharp declines in transit ridership and fare revenues to create significant near-term stress in the U.S. public transit sector with the [agencies] identified here at the greatest risk. Some transit agencies in major urban areas that have already been impacted by the pandemic are reporting ridership declines of as much as 70% to 90% amid efforts at social distancing, a widespread shift to telecommuting and shelter-in-place orders.”