A smarter way to build housing?
Policy Pulse: Economic Advancement Building Homes Near Jobs, Stores, Transit Pays Off Communities across the country want to build more homes right now. But where should that housing go? New research finds that adding housing near jobs, stores, and transit doesn’t just boost affordability; it also makes better use of existing infrastructure and strengthens local budgets. Why it works: ⬇️ Lower up-front costs: Building near existing amenities reduces infrastructure costs by about $21,000 per home compared with development on the outskirts. 🏗️ Lower maintenance costs: Using existing infrastructure lowers ongoing costs by about 50% on average. 💵 More revenue per acre: Close-in homes generate about 13% more property tax revenue per acre, helping to strengthen local budgets. WHERE TO BUILD? How Americans' Views on Wealth, Retirement Differ About 56 million U.S. workers lack access to retirement benefits at work. Still, 81% of those Americans say building wealth is a ...