Investment of Cap-and-Trade Funds Would Yield Reduction of More Than 100 Million Miles of Driving Annually

As the California legislature debates how to spend Cap-and-Trade revenues, a new report shows the greenhouse gas reduction power of building affordable homes near public transportation. Released by TransForm and the California Housing Partnership Corporation and based on robust new analysis by leading national research organization, the Center for Neighborhood Technology, the report reveals:

• Lower-income households in California within 1/4 mile of frequent public transportation drive nearly 50 percent less than those living in areas without good transit
• Lower-income households that live near transit drive significantly less than households at higher incomes that live the same distance from transit

For more information:

• View Press Release
• View the Executive Summary
• View the full Report — Why Creating and Preserving Affordable Homes Near Transit Is a Highly Effective Climate Protection Strategy