Expanded H + T Index Most Comprehensive Snapshot of Neighborhood Affordability
CNT has updated our Housing + Transportation Affordability website to now cover over 330 metros in the U.S. with expanded and improved data. And our analysis shows that only two in five American communities—or 39 percent—are affordable for typical households when their transportation costs are considered along with housing costs.
The Index for the first time examines 337 metro areas across the country—161,000 neighborhoods and 80 percent of the U.S. population—to provide the only comprehensive snapshot of neighborhood affordability by taking into account the transportation costs associated with neighborhood location and design. Read more of the findings in this brief
On March 23, 2010, CNT President Scott Bernstein was joined by Deputy Secretary Ron Sims of the U.S. Department of Housing & Urban Development , Under Secretary of Policy, Roy Kienitz of U.S. Department of Transportation and Chicago Metropolitan Agency for Planning Executive Director, Randy Blankenhorn, and Managing Director Nick Turner of the Rockefeller Foundation to discuss the findings of the new H + T Affordability Index and its accompanying report, Penny Wise, Pound Fuelish. Listen to the audio of the teleconference.
As HUD Deputy Secretary, Ron Sims, put it, “The Index and report are long overdue. Finally, Americans have the tools to make better decisions about where they live.”
New Website features include
- Expanded to 337 metro regions
- Block Groups identified
- Block Group regional benchmark
- Find low and high values
The H+T Index shows that once transportation costs are factored into the definition of “affordable housing,” the number of affordable communities drops in almost every metro area in the country, resulting in a net loss of 48,000 neighborhoods with combined housing and transportation costs that stress the average family’s budget. Read more background at http://htaindex.cnt.org/about.php