Sunday, September 8, 2024

housing

TOD News Briefs

The Week in TOD News May 9-15, 2020

COVID-19 impacts give rise to adaptation & experimentation, transit advocacy, slow service rollout, housing shortage & transportation equity concerns, and an examination of housing design. NJ TRANSIT to receive CARES Act funding. A look at the Newark Downtown District. Financial market tightening concerns, Fast housing in San Diego CA. New projects in Santa Rosa CA, Stratford CT & Honolulu HI. Rezoning along BRT in Richmond VA. MRT Jakarta seeks innovative product and service partners.

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Financing & EconomicsHousing

How Residential and Commercial Property Values Rise in Transit Sheds

Resource Link: The Real Estate Mantra – Locate Near Public Transportation by the American Public Transportation Association

This study reveals that it is getting increasingly expensive to live near public transit. As more and more cities invest in mixed-use developments, house prices and rents within a half-mile of transit facilities are increasing at a faster rate than those in neighborhoods farther away.

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