May 13, 2007
Realizing The Potential: Expanding Housing Opportunities Near Transit
This national study funded by the Federal Transit Administration and the U.S. Department of Housing and Urban Development shows that location matters a great deal when it comes to reducing household costs. While families who live in auto-dependent neighborhoods spend an average of 25 percent of their household budget on transportation, families who live in transit-rich neighborhoods spend just 9 percent, the study says. The report examines five case study regions – Boston, Charlotte, Denver, Minneapolis, and Portland — to better understand the proactive strategies being undertaken to create and preserve affordable housing near transit.