Transit-Oriented Affordable Housing Fund (TOAH)

The Transit-Oriented Affordable Housing Fund (TOAH) is one of two MTC-funded regional housing finance programs that support the production and preservation of affordable housing near high quality transit.


Photo by Steve Proehl, courtesy of MidPen Housing

In 2011, MTC invested $10 million to establish a revolving loan fund to help affordable housing developers finance land acquisition in select locations near rail and bus lines throughout the Bay Area.

The TOAH program attracted another $40 million from private foundations and financial institutions to make a total of $50 million available for new loans to affordable housing developers.

In 2017, MTC's original $10 million investment brought about a relaunch of TOAH as a $40 million fund with a wider range of loan products that came from a group of five institutions, and had a streamlined funding process. 

Known as TOAH 2, the relaunched fund can be used by both for-profit and nonprofit developers to help finance the purchase or improvement of properties. They must be located in Priority Development Areas or Transit Priority Areas, to be developed or redeveloped with affordable housing alongside critical services such as childcare centers, health clinics, fresh food outlets or other retail space.

As of 2021, TOAH financing has kickstarted projects in San Francisco, Alameda and Santa Clara Counties, adding almost 2,300 units to the region's affordable housing stock. For more information about TOAH 2, its loan-origination partners and its lending history, visit the TOAH website.

Staff Contact

Somaya Abdelgany, ABAG/MTC Associate Regional Housing Planner
Phone: (415) 778-5217

TOAH 2 Public-Private Partners

MTC provided $10 million in seed funding for the Transit-Oriented Affordable Housing loan fund. The fund is sponsored by the Great Communities Collaborative. Originating lenders include:

  • Corporation for Supportive Housing
  • Enterprise Community Loan Fund
  • Local Initiatives Support Corp.
  • Low-Income Investment Fund
  • Northern California Community Loan Fund
Plan Bay Area 2050 Housing Strategies

Plan Bay Area 2050, the region's long-range transportation and land-use plan, identifies several strategies to protect and preserve affordable housing, spur housing production at all income levels, and create inclusive communities throughout the region.