Tuesday, April 28, 2009

New Metro Housing /Transportation Cost Burden Focus Jibes with National HUD/DOT Direction.

Portland's Metro government recently released a new preliminary regional Housing Needs analysis HERE. The report includes the use of a combined housing/ transportation cost burden analysis for renter HH's paying more than 50% of their income for housing and transportation.

About a month prior the HUD Secretary testified with the Transportation Secretary about combined efforts at the federal level:

"The costs of transportation now approach or exceed those of housing for many working families, yet federal definitions of housing affordability fail to recognize their interdependence.

We will work to jointly develop with the Department of Transportation a housing and transportation affordability index that will inform consumers and businesses about their choices in real time. "

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