October 18, 2004

Smart Commute Incentives

Category: Urban Planning

Portland: I'm surprised you need added incentives to purchase homes near public transportation, but this works in an interesting way: Home buyers can use their anticipated savings by using public transit instead of the automobile as added qualifying income for a loan (up to $250 a month).

I don't see anything that guarantees they'll actually use it though, but it still seems pretty reasonable.

Posted by Nick at October 18, 2004 7:31 PM