G
ood transit-oriented developmentcan provide all the bene
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tsassociated with livablecommunities: a mix of usesthat makes it possible toget around without a car, agreater mix of housing typesand transportation choices, anincreased sense of communityamong residents, a heightenedsense of place.This kind of developmentproduces lowergreenhouse gasemissions (arecent study bythe Center forTransit-OrientedDevelopmentshows that TODproduces 43 percent lessemissions than conventionalsuburban development,www.reconnectingamerica.org), it promotes walkingand biking and moreactive lifestyles, and itcreates value for propertyowners, businesses, local governments,transit agencies and residents. Thisis development that responds to theconcerns of the 21
st
century because it’smore environmentally and economicallysustainable. And it provides aconvenient, affordable and active lifestylefor people of all ages, including thosewho don’t drive.Increasingly Americans are showing apreference for more compact, walkable,mixed-use communities over typicalsuburban development, in part becausetraf
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c is so bad that no one wantsto spend time commuting. But thechanging housing market has as muchto do with demographics: While the vastmajority of US households used to befamilies with both a mom and dad andmore than one child, this demographicgroup now comprises just 25 percent of households and it is shrinking. More andmore households are childless or headedby single parents, and single adultscomprise 41 percent of households. Thedemographic groups that are increasingin size – households that are smaller,older and more ethnically diverse – arethe same demographic groups that havehistorically shown a preference for higherdensity housing near transit.Today many people want a “room witha view” within walking distance of coffee,restaurants, yoga, a dog park, art,
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lmand culture. Lifestyles are changing,and convenience and affordability areparamount considerations. Researchby the Center for Transit-OrientedDevelopment shows that by 2030 nearlya quarter of all US households lookingto rent or to buy are likely to wanthigher-density housing near transit. TheUrban Land Institute has also notedthe changing real estate market: ULI’sannual “Emerging Trends in Real Estate”
LIVABLE COMMUNITIES
Keeping affordable housing in the transit-oriented mix
Local jurisdictionscontrolmultiplepools of funding thatcan be usedto supportaffordableand mixed-incomehousing intransit zones
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