Categories: Housing

Preserving Affordable Transit-Oriented Housing

As the U.S. economy slows, the likelihood of significant federal or local investment in new mass transit diminishes. But low- and moderate-income families depend upon housing close to transit to reduce their commuting expenses and improve access to jobs, schools, and other opportunities. Not surprisingly, the rental market has already begun to grow tighter in communities near existing transit and will most likely lead to escalating property values, making it more difficult to ensure long-term housing affordability.