Clear all

4 results found

reorder grid_view

Maximizing Transit and Transit-centered Growth to Benefit All

September 1, 2012

This paper includes a national scan of transit-oriented development (TOD) activities across the United States. The goal is to assess the level of activity and momentum around TOD, with special attention to the role that funders are playing to influence outcomes that are benefiting low- and moderate-income people.

Preserving and Promoting Diverse Transit-Oriented Neighborhoods

October 1, 2006

This report, researched and written by staff at the Center for Neighborhood Technology, Reconnecting America, and Strategic Economics -- working together as the Center for Transit-Oriented Development -- makes a substantial new contribution to our knowledge base regarding mixed-income, mixed-race housing. We now know, via this report, that there are ample opportunities for the creation of mixed-income, mixed-race housing in transit zones. Demand for transit-oriented housing is projected to soar over the next twenty years. Locating mixed-income housing in these particular settings carries the remarkable advantage of permitting residents to stretch their budgets because transit use can lower transportation costs substantially.

The Affordability Index: A New Tool for Measuring the True Affordability of a Housing Choice

January 1, 2006

This brief describes a new information tool developed by the Urban Markets Initiative to quantify, for the first time, the impact of transportation costs on the affordability of housing choices. This brief explains the background, creation, and purpose of this new tool. The first section provides a project overview and a short summary of the method used to create the Affordability Index. The next section highlights the results from testing the index in a seven-county area in and around Minneapolis-St. Paul, MN. To demonstrate the usefulness of this tool at a neighborhood level, the third section projects the effect of transportation and housing choices on three hypothetical low- and moderate-income families in each of four different neighborhoods in the Twin Cities. The brief concludes with suggested policy recommendations and applications of the new tool for various actors in the housing market, and for regulators, planners, and funders in the transportation and land use arenas at all levels of government. The Housing and Transportation Affordability Index is a groundbreaking innovation because it prices the trade-offs that households make between housing and transportation costs and the savings that derive from living in communities that are near shopping, schools, and work, and that boast a transit-rich environment. Built using data sets that are available for every transit-served community in the nation, the tool can be applied in neighborhoods in more than 42 cities in the United States. It provides consumers, policymakers, lenders, and investors with the information needed to make better decisions about which neighborhoods are truly affordable, and illuminate the implications of their policy and investment choices.

Hidden in Plain Sight: Capturing the Demand for Housing Near Transit

June 1, 2004

The study looks at: national real estate and consumer trends that affect the potential market for housing within a 1/2-mile of fixed guideway transit stops (TOD); the demographics and travel behavior of residents who live near transit; the potential demand for housing within walking distance of transit stations in the year 2025; and the ability of transit-served regions to accommodate this emerging consumer market. The study result in four major accomplishments: analysis of CTOD's national TOD database -- a GIS platform for analyzing conditions around the nation's 3,353 fixed transit stops and the 638 additional stations that will be built by 2025; regional housing demand projections for the types of households that show a preference for living in transit-oriented communities; a methodology for assessing the unused capacity of areas within walking distance of transit, which can be used to help measure a region's potential for TOD; and a test of the study's methodology in seven case study regions.