'Smart Commute' Incentives

An innovative public-private effort in Portland incentivizes residents to purchase homes near public transportation.

1 minute read

October 14, 2004, 9:00 AM PDT

"The Portland Regional Smart Commute Initiative allows qualified buyers to convert the savings from using public transportation into additional borrowing power for a home mortgage. For loan qualification purposes, participating lenders will be able to add a portion of the potential transportation savings to borrowers' qualifying income -- an addition of $200 per month for one-wage-earner households and $250 per month for two-wage-earners households."

Thanks to transport-policy listserv

FULL STORY: Home buyers get 'Smart Commute' incentives

Tuesday, October 12, 2004 in Business Journal Of Portland

Land Use Oregon

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Use Code 25for25 at checkout for 25% off an annual plan!

Get 25% Off Your Subscription

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.