New research from the Natural Resources Defense Council shows that the chance of foreclosure is higher in places with limited access to public transit.
The study looked at 40,000 mortgages in Chicago, Jacksonville and San Francisco, and also used data from the Center for Neighborhood Technology.
"The link became more obvious in looking at foreclosures after July 2008, when gas spiked over $4 a gallon, said CNT President Scott Bernstein, who studied foreclosures in the Chicago area. Bernstein found that gas price spikes provide an "early warning" of a rise in foreclosures in car-dependent communities.
'Nobody should be surprised this is happening,' said Bernstein, noting that the cost of a gallon of gas doubled between 2000 and 2008. 'In the suburbs, two or three cars and all that driving can cost more than the mortgage,' Bernstein said. 'If gas prices go up, some percentage of people will find those pressures to be too much.'"
FULL STORY: Can living near a train station save you from foreclosure?
'15-Minute City' To Be Built in Utah
A community that focuses on reducing the need for car ownership and providing effective multimodal transportation and diverse land uses will be built from scratch on the site of the decommissioned Utah State Prison.
Maryland Awards $1.25M in TOD-Related Grants
The state’s DOT is funding projects that prepare sites around transit stations for future mixed-use development and housing.
Judge Rules in Favor of Massachusetts TOD Law
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
San Francisco's School District Spent $105M To Build Affordable Housing for Teachers — And That's Just the Beginning
SFUSD joins a growing list of school districts using their land holdings to address housing affordability challenges faced by their own employees.
Vehicle-related Deaths Drop 29% in Richmond, VA
The seventh year of the city's Vision Zero strategy also cut the number of people killed in alcohol-related crashes by half.
Downtown Portland Ready for Maine's Tallest Building
The city of Portland anticipates a major new urban development addition called the “Old Port Square” project.
The EV “Charging Divide” Plaguing Rural America
With “the deck stacked” against rural areas, will the great electric American road trip ever be a reality?
Judge Halts Brooklyn Bike Lane Removal
Lawyers must prove the city was not acting “arbitrarily, capriciously, and illegally” in ordering the hasty removal.
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.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
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Smith Gee Studio
City of Camden Redevelopment Agency
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Transportation Research & Education Center (TREC) at Portland State University
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