16 Jun '11, 10am

US Announces New Sustainable Communities Initiative

US Announces New Sustainable Communities Initiative

The total amount of grants is a mere token: US$5.6 million, or about the price for a small parcel in Silicon Valley. Nevertheless, the program builds upon ideas like that of urban studies theorist Richard Florida , who recently pointed out that transit-friendly communities can make a big financial difference for families. Americans’ love for–and what has often become dependence upon–automobiles ha in the long run often created a financial burden on families. One study has suggested that an address in a neighborhood with seamless transit options can boost a family’s disposable income on average by 16%, a big difference in a challenging economy. Arguments over the efficacy of large scale rail projects mostly focus on macroeconomic factors, with both sides of the discussion having merit. The effects that access to easy public transportation can have on families, however, are ...

Full article: http://www.triplepundit.com/2011/06/hud-epa-launch-effort...

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