Valuing Transit-Oriented Development
----------------------------------------
Last year, CNT and Reconnecting America, through their partnership,
the Center for Transit Oriented Development (CTOD), did the first ever
analysis of the future market for housing located near transit. In
Hidden in Plain Sight: Capturing the Demand for Housing near Transit,
the two groups showed that by 2025, the demand for compact housing near
transit was likely to more than double.
This year, the two groups have been collaborating on another research
project, this one looking at the relationship between transportation
and housing costs. This research builds on both the Hidden in Plain
Sight research as well as the path-breaking research CNT spearheaded
several years ago that resulted in the Location-Efficient Mortgage
(LEM). The result of this latest research is an Affordability Index,
which predicts the transportation costs a household is likely to bear
depending on where in a region, down to the census tract, it is located.
The Index, thus far applied to the Minneapolis-St. Paul region, will
be further refined and then rolled out nationally next year. (Milwaukee - Waukesha is one of the planned pilot projects)
The new tool will allow consumers, policymakers, realtors and developers in the
28 metro areas that have fixed-guideway transit systems to predict the
transportation costs of any given location. CNT and Reconnecting America
hope that powerful new information like this can help to shift the market
and impact development patterns in ways that promote more development
near transit and, ultimately, reduce household transportation costs.
Read more about the research project at:
http://www.brookings.edu/metro/umi/ctodprogress.htm
Read more about the Index and initial findings from its application in
Minneapolis-St. Paul in "Rethinking Affordability: The Inherent Value
of TOD":
http://www.cnt.org/publications/rethinking-affordability-tod.pdf
Bicycle Federation of Wisconsin
Project Coordinator
106 E. Doty ST, Ste 400
Madison, WI 53703
Phone: 608-251-4456
Fax: 608-251-4594
[EMAIL PROTECTED]
_______________________________________________ Bikies mailing list [email protected] http://www.danenet.org/mailman/listinfo/bikies
