Smart Growth Communities Are More Affordable
12 September 2003 - 11:00am
Smart growth lowers consumer location costs for housing and transportation, a ULI analysis shows.
"Metropolitan areas with more compact growth, a wide mix of land uses, plentiful transportation options, and which were mostly developed prior to the use of the automobile are generally less expensive places to live, in terms of the combined costs for housing and transportation, according to an analysis of consumer expenditures by the Urban Land Institute (ULI)."
Source:
Urban Land Institute, September 8, 2003
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