Metro Affordable Transit Connected Housing Program (MATCH)
MATCH provides critical funding to preserve and expand affordable housing located near Los Angeles County public transit. Through the MATCH program, nonprofit and for-profit developers can access acquisition and predevelopment financing for rental housing opportunities at favorable terms.
MATCH is a public-private lending partnership with an estimated loan capitalization of $75 million, leveraged with an $18 million combined investment from the Los Angeles County Metropolitan Transportation Authority, the California Community Foundation, The California Endowment, and the Weingart Foundation. Originating lenders include Enterprise Community Partners, the Low Income Investment Fund, and Local Initiatives Support Corporation.
By connecting high quality homes to transit hubs, working families reap an array of benefits including financial savings, improved health outcomes and easier access to jobs. For the County of Los Angeles, this means reduced carbon emissions and more money being reinvested into the local economy.
The idea for MATCH originated from the LA THRIVES Capital Resources Working Group made up of foundations, Community Development Financial Institutions (CDFIs), banks, developers and representatives of local public agencies. The LA THRIVES collaborative is a network of organizations leveraging resources, including financial and social capital, towards equitable smart growth in Los Angeles County.