HUD Sec. Shaun Donovan: CNT has done “extraordinary work on housing and transportation costs”
CNT’s involvement in the USGBC’s annual Greenbuild conference this week was a resounding success, capped off by U.S. Dept. of Housing and Urban Development Secretary Shaun Donovan highlighting CNT in his closing plenary remarks. To the crowd of more than 25,000 attendees, Donovan said:
Right here in the Chicago Metro area, a diverse consortium including the Metropolitan Mayors Caucus, local business and civil rights leaders, and the Center for Neighborhood Technology, which has done extraordinary work on housing and transportation costs, have proposed a plan to create jobs, more walkable neighborhoods and affordable housing by capitalizing on this region’s rich public transportation system.
Using a $2.3 million grant from HUD, the partnership estimates the transportation savings of 2,500 households living in housing near transit will add over $6.8 million per year to the wealth of the region, with energy-efficiency measures and improved building codes reducing household expenses even further.
The $2.3 million Donovan refers to will provide seed money for the comprehensive redevelopment plan for Chicago’s south suburbs that CNT has spent years devising with 42 municipalities in the region. The plan is described fully in the Green TIME Zone report.
Of course, the “extraordinary work on housing and transportation costs” Donovan mentions is a nod to our paradigm-shifting Housing + Transportation Affordability Index, which shows the average transportation costs for 337 U.S. metro areas. Find the average transportation costs for where you live at the Housing + Transportation Affordability Index and Abogo.