HUD Launches Development of a National Housing and Transportation Affordability Index

The US Department of Housing and Urban Development (HUD) just announced that it has awarded a two-year contract to Manhattan Strategies Group (MSG) and subcontractor CNT to create a national housing and transportation affordability index.

“Affordability is much more than just paying the mortgage, it involves other costs like transportation, gas, and utilities,” said HUD Secretary Shaun Donovan in a press release. “The availability of a national affordability index will provide consumers better information about the true costs of a home by accounting for that housing’s proximity to jobs, schools and other services. Our goal with the creation of this housing and transportation index is to provide American families with a tool that can help them save money and have a better understanding of their expenses and household budget.”

As a subcontractor, CNT will use its years of experience in creating the Housing + Transportation (H+T®) Affordability Index (and Abogo®) to assist MSG and HUD in exploring how the agency can incorporate this sort of metric into its work.

Click here to read the HUD press release in full.

One Response to “HUD Launches Development of a National Housing and Transportation Affordability Index”

  1. HUD launches development of a national Housing and Transportation Affordability Index | Smart Growth America Says:

    [...] Crossposted from our coalition partner Center for Neighborhood Technology. [...]