Reducing transportation costs
Housing and transportation costs are closely linked.
Transportation costs can vary widely, depending on where housing is located and whether people are driving, carpooling, walking, cycling or taking public transit.
Reducing transportation costs by living near transit, or close to work, and not having to own and operate a vehicle can significantly improve affordability.
Alternative transportation and land use
There is more walking and cycling when communities provide a mix of the following elements:
- a broad mix of housing types
- local shopping and community amenities
- employment opportunities nearby
- green spaces
- appealing routes for walking and cycling
When this form of development happens near transit, communities have found that:
- transit ridership levels increase;
- public and rapid transit becomes more viable; and
- costs are reduced by making the best use of existing municipal infrastructure.
Some local governments have also explored options to reduce vehicle parking requirements and offer better bicycle parking. Parking facilities add to the cost of housing, especially in multi-family housing developments with extensive parking lots or garages.
Reducing the required number of parking spaces in residential developments lowers construction costs and can reduce housing unit prices. It helps if parking spaces are sold separately from residential units, so purchasers don’t have to buy a parking spot if they don’t need one.
Providing plenty of appropriate bicycle parking in communities also encourages cycling as an alternative mode of transportation.