New housing can pay off faster. Here's how
The Rundown New Housing Near Jobs, Stores, and Transit Pays Off A lot of communities want to build more homes these days. But where should that housing go? New research finds that building near existing jobs, stores, and transit can lower infrastructure costs, generate more property tax revenue per acre, and make better use of roads and utilities that are already in place. Three ways it pays: ⬇️ Lower up-front costs: Building near jobs, stores, and transit reduces upfront infrastructure construction costs by about $21,000 per home on average, compared to housing at the edges of cities and towns. 🏗️ Lower maintenance costs: Because these homes use existing infrastructure, ongoing maintenance costs are about 50% lower, on average. 💵 More revenue per acre: Housing near existing amenities generates about 13% more property tax revenue per acre, on average, by widening the tax base. SEE WHAT SAVES Have Wages Kept Up With Inflation? PEW RESEARCH CE...