Affordability at What Price?
Today, the Brookings Institution released a brief authored by CNT and the Center for Transit Oriented Development CTOD that presents a unique framework for understanding housing affordability. The framework is based on a new measurement tool developed jointly by CNT and CTOD, the Housing and Transportation Affordability Index, which prices the trade-offs that households make between housing and transportation. Put another way, it puts a price tag on the savings derived from living in transit-rich communities that are near shops, schools and jobs.
The brief follows a well-attended and engaging session on KnowledgePlex last week. The audio for the session can still be accessed if you are a registered KnowledgePlex user.
Read the brief, The Affordability Index: A New Tool for Measuring the True Affordability of a Housing Choice. And then, reconsider what “affordable” housing really is.
