Equitable transit oriented development (eTOD) planning strategies can help communities promote housing affordability near transit.
Good eTOD planning has allowed these communities to successfully bring new affordable housing options to their transit-served neighborhoods.
Promoting the welfare of existing residents and newcomers alike is the goal when the Local Initiatives Support Corporation takes on a TOD project.
The US Department of Housing and Urban Development and the US Department of Transportation recently launched the Location Affordability Portal, a web-based tool that estimates the cost of housing and transportation based on location.
These necessities represent the two largest costs incurred by families. The average American family spends more than half of its income on just these two expenses. Developed with the assistance of the Center for Neighborhood Technology, the Location Affordability Portal is a user-friendly source of information on combined housing and transportation costs that can help families, real estate professionals, housing counselors, policymakers, and developers make more informed decisions about where to live, work, and invest.