Preserving Opportunities: Saving Affordable Homes Near Transit
Preserving affordable housing near transit means more than simply saving a building—it means preserving opportunities for low-income families and seniors to access jobs and services. Next to housing, transportation is the second highest household cost for most Americans. Affordable housing located near transit allows families and seniors to live an affordable lifestyle and access employment, education, retail, and community opportunities. Reconnecting America and the National Housing Trust identified federally assisted affordable housing located in close proximity to existing or proposed public transportation in 8 cities: Boston, Chicago, Cleveland, Denver, New York City, Portland,St. Louis, and Seattle. We found that more than 100,000 federally assisted housing units sheltering more than 300,000 individuals in these cities are located in transit rich neighborhoods. Approximately 65,500 of these units- or 63 percent of total units near transit- are covered by federal rental assistance contracts expiring before the end of 2012.