Incentivizing Reuse Through Mortgages

Fannie Mae increases mortgages for people who buy homes near train stations and bus stops and agree to own only one car.

1 minute read

September 13, 2002, 7:00 AM PDT

By Chris Steins @planetizen

"Buyers who purchase a home within a quarter-mile of a bus line or a half-mile of a train station can qualify for a mortgage up to 8 percent larger than they could get under a traditional loan. In exchange, they must agree to limit the number of cars they own to no more than one per adult driver.The program is aimed in part at reviving older suburbs that fell out of favor when people began driving longer distances to work."

Thanks to Chris Steins

FULL STORY: Take the train, get more house

Saturday, September 7, 2002 in Associated Press

Community / Economic Development Pennsylvania

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

Cover CM Credits, Earn Certificates, Push Your Career Forward

Learn More

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.