Transit-oriented development, or TOD, could be the “poster child” for sustainable urban development. It concentrates land uses, including commercial and multi-family housing, near transit stations so as to reduce car dependency and increase ridership. The benefits are manifold; increased community health, positive economic impacts, less harm to the environment and potentially greater social equity.
But what about affordability? In exchange for all these benefits, do TOD residents spend more money on transportation?
A new NITC ...Read more