Housing & Transportation Affordability Index at National Housing Summit
The National Housing Conference hosted its 75th Policy Summit in Chicago Wednesday and Thursday. This year’s theme focuses on future policy with the aptly titled, “Fulfilling the Dream: Shaping Housing Policy for Future Generations”. Much like CNT, the NHC links housing policies to issues like transportation, health and education and this year, the Housing & Transportation Affordability Index, co-developed by CNT and CTOD, is an important linkage presented and discussed at the event by CNT’s Peter Haas, Ph.D, and Reconnecting America’s Mariia Zimmerman.
The Index was used to conduct a study of working families in 28 major metropolitan areas. That study was released yesterday in conjunction with the NHC Summit. Click on the link to read the new paper, “Housing + Transportation Cost Trade-Offs and Burdens of Working Households in 28 Metros”.
The newly revealed combined costs of housing and transportation in determining affordability of a place is a national issue, relevant to any metropolitan area, and is evident by the media coverage this event and the associated reports, are commanding.
Read yesterday’s Wall Street Journal article here
Read yesterday’s Reuter’s article here
The Affordability Index has received much attention of late from policy makers for its planning and advocacy benefits. By mid-fall, we will have the Index developed for use in 50 metropolitan areas. The maps and index results will be online and available by spring 2007.
