FTA program urges affordable housing near transit stations

01/14/2013 | U.S. News & World Report

The Federal Transit Administration has changed the rules for its New Starts program, which provides funding for new and expanded public transit lines, to encourage applicants to make more affordable housing available near transit stations. Proximity to transit hubs often drives up housing prices, nullifying some of the social and public health benefits of public transit by pricing out people with lower incomes.

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