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The Affordability Index

A New Tool for Measuring the True Affordability of Housing Choice (2006)

The housing and transportation Affordability Index quantifies the impact of transportation costs on the affordability of housing choices and the savings derived from living in “location efficient” communities that are near transit, shopping, schools and work. The index was built using data sets that are available for every transit-served community in the U.S. and can be applied in more than 42 cities in the U.S. It is intended to provide consumers, policymakers, lenders and investors with the information needed to make better decisions about which neighborhoods are truly affordable – so as to illuminate the implications of policy and investment choices.