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Houston Fact Sheet

Houston Fact Sheet

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Published by editorialonline5018

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Published by: editorialonline5018 on Mar 23, 2010
Copyright:Attribution Non-commercial

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08/24/2010

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Date: 3/2010
© 2010 Center or Neighborhood Technology 2125 W. North Ave., Chicago, IL 60647 p: 773-278-4800 : 773-278-3840 www.cnt.org
Neighborhood Profles
0% 10% 20% 30% 40% 50% 60%
Housing Costs as aPercent of AMI
Transportaon Costs
as a Percent of AMI
Aordability:
Housing Costsas Percent of Income0 to 30%Greater than or
Equal to 30%Aordability:Housing andTransportaon
Costs as Percentof Income0 to 45%Greater than or
Equal to 45%
H+T
SM
 Affordability Index
True Affordability and Location Efciency
 Two Views of Affordability
The Housing + Transportaon (H+T) Aordability Index is a new andmore comprehensive way of thinking about the cost of housing and trueaordability by exploring the impact that transportaon costs associatedwith locaon have on a household’s economic boom line. The H+T Indexis an innovave tool that measures the true aordability of housing.The tradional measure of aordability used by planners, lenders, andmost consumers recommends that housing should be less than 30% of income. The H+T Index, in contrast, takes into account not just the costof housing, but the costs of housing and transportaon.The Index has received much aenon from policy makers for its benetsto planners and TOD advocates and is already being used for addionalresearch. This work represents the development the H+T Index for 337metropolitan areas.
 
H+T Affordability Index = (Housing Costs + Transportation Costs)Income
Midtown Neighborhood, Houston
Mission Bend; Fort Bendand Harris CountiesKaty; Fort Bend, Harrisand Walter Counties
29.51%13.48%27.24%22.13%26.61%25.49%
0 3 mi0 3 mi
Houston, TX
79%55%
percentage o communities in theHouston metro area consideredaordable using the standardmeasure o 30% o incomepercentage o communities in theHouston metro area consideredaordable using the H+T measureo 45% o income
Housing + Transportation
0 to 45% of Area Median Income
Housing
0 to 30% of Area Median Income

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